Zacks Research Has Pessimistic View of Workday Q4 Earnings

Workday, Inc. (NASDAQ:WDAY - Free Report) - Research analysts at Zacks Research dropped their Q4 2026 EPS estimates for Workday in a report issued on Monday, April 21st. Zacks Research analyst R. Department now forecasts that the software maker will post earnings of $0.93 per share for the quarter, down from their previous estimate of $0.95. The consensus estimate for Workday's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday's Q4 2027 earnings at $1.31 EPS and FY2028 earnings at $5.35 EPS.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus lifted their price target on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Scotiabank dropped their price target on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Redburn Atlantic initiated coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Canaccord Genuity Group increased their target price on shares of Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, BMO Capital Markets upped their price target on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $295.00.

Workday Stock Up 3.2 %

WDAY opened at $220.99 on Wednesday. Workday has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The business's 50-day moving average price is $242.34 and its 200-day moving average price is $251.95. The company has a market cap of $58.78 billion, a P/E ratio of 36.65, a P/E/G ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion.

Institutional Trading of Workday

A number of institutional investors and hedge funds have recently modified their holdings of WDAY. Roxbury Financial LLC bought a new stake in Workday in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of Workday in the fourth quarter worth approximately $26,000. Avion Wealth grew its stake in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares during the period. Farmers & Merchants Investments Inc. bought a new position in Workday during the first quarter valued at approximately $32,000. Finally, TCTC Holdings LLC purchased a new stake in Workday in the fourth quarter worth approximately $35,000. Institutional investors own 89.81% of the company's stock.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. The trade was a 1.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is currently owned by corporate insiders.

About Workday

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.

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