Workday (WDAY) Projected to Post Quarterly Earnings on Monday

Workday (NASDAQ:WDAY - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $2.18 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, analysts expect Workday to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Workday Price Performance

Shares of NASDAQ WDAY traded up $0.53 during mid-day trading on Thursday, reaching $261.63. The company had a trading volume of 1,747,357 shares, compared to its average volume of 2,082,302. The company has a 50-day moving average price of $261.36 and a two-hundred day moving average price of $252.47. The stock has a market cap of $69.59 billion, a PE ratio of 43.39, a P/E/G ratio of 3.62 and a beta of 1.35. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday has a 1-year low of $199.81 and a 1-year high of $311.28.

Wall Street Analyst Weigh In

Several analysts have issued reports on WDAY shares. Wells Fargo & Company boosted their price objective on Workday from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a "hold" rating to a "buy" rating and upped their price target for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Redburn Atlantic began coverage on shares of Workday in a research note on Wednesday. They issued a "neutral" rating for the company. Piper Sandler reissued a "neutral" rating and set a $270.00 target price (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Finally, Citigroup decreased their target price on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $291.11.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the sale, the insider now owns 284,000 shares in the company, valued at $78,188,040. This represents a 16.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock worth $113,142,592 in the last ninety days. 20.00% of the stock is currently owned by insiders.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.