Workday (WDAY) Expected to Announce Quarterly Earnings on Monday

Workday (NASDAQ:WDAY) is projected to announce its earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping 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 net margin of 19.86% and a return on equity of 6.13%. Workday’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, analysts expect Workday to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $256.39 on Friday. The company has a market capitalization of $68.20 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 3.56 and a beta of 1.35. Workday has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $260.75 and a 200 day moving average of $252.87.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were 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 owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 70,090 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,215,826.41. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 438,819 shares of company stock worth $113,142,592. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on WDAY shares. Wells Fargo & Company boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Workday in a report on Tuesday, December 3rd. Mizuho lifted their price target on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Bank of America cut their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Loop Capital lifted their price target on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $291.11.

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.