Zacks Research Has Positive Estimate for Workday Q3 Earnings

Workday, Inc. (NASDAQ:WDAY) – Analysts at Zacks Research lifted their Q3 2027 earnings estimates for shares of Workday in a note issued to investors on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings per share of $1.30 for the quarter, up from their previous forecast of $1.18. 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 $1.32 EPS.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion.

Several other research firms have also recently weighed in on WDAY. BMO Capital Markets raised their target price on shares of Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada raised their target price on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Barclays decreased their target price on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their price objective on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $300.36.

Workday Price Performance

NASDAQ:WDAY opened at $250.47 on Thursday. Workday has a 1-year low of $199.81 and a 1-year 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 firm has a fifty day simple moving average of $256.76 and a 200 day simple moving average of $255.24. The stock has a market capitalization of $66.63 billion, a PE ratio of 41.54, a P/E/G ratio of 3.55 and a beta of 1.38.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $265.70, for a total value of $14,879,200.00. Following the completion of the transaction, the insider now owns 228,000 shares of the company’s stock, valued at approximately $60,579,600. This represents a 19.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the completion of the transaction, the director now directly owns 75,000 shares of the company’s stock, valued at $18,099,750. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 473,001 shares of company stock valued at $120,614,400. 20.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Crews Bank & Trust acquired a new position in shares of Workday in the fourth quarter valued at approximately $26,000. Roxbury Financial LLC acquired a new position in shares of Workday in the fourth quarter valued at approximately $25,000. Avion Wealth increased 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 valued at $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in Workday during the 4th quarter valued at approximately $35,000. Finally, Meeder Asset Management Inc. increased its position in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 89.81% 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.