Workday (WDAY) Scheduled to Post Earnings on Tuesday

Workday (NASDAQ:WDAY - Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, November 26th. Analysts expect Workday to post earnings of $1.72 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. On average, analysts expect Workday to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Workday Stock Performance

Shares of WDAY opened at $259.36 on Tuesday. Workday has a 1 year low of $199.81 and a 1 year high of $311.28. The company's 50 day simple moving average is $246.86 and its 200 day simple moving average is $236.54. The company has a market capitalization of $68.73 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 5.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several analyst reports. The Goldman Sachs Group raised their price objective on Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Morgan Stanley lowered their price target on Workday from $325.00 to $315.00 and set an "overweight" rating for the company in a report on Friday, August 23rd. Wells Fargo & Company upped their price objective on shares of Workday from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. KeyCorp boosted their target price on shares of Workday from $275.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $285.00 price target on shares of Workday in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $289.46.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 3,134 shares of the company's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total value of $738,934.52. Following the sale, the insider now owns 85,795 shares in the company, valued at approximately $20,228,745.10. This represents a 3.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the transaction, the director now owns 8,674 shares of the company's stock, valued at $2,097,806.90. This trade represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 in the last three months. Corporate insiders own 20.00% of the company's stock.

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.