Workday Inc (WDAY) Expected to Post Quarterly Sales of $609.59 Million

Analysts predict that Workday Inc (NASDAQ:WDAY) will announce sales of $609.59 million for the current quarter, Zacks reports. Thirty Seven analysts have provided estimates for Workday’s earnings, with the highest sales estimate coming in at $617.80 million and the lowest estimate coming in at $607.60 million. Workday reported sales of $479.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 27%. The business is scheduled to report its next quarterly earnings results on Thursday, June 7th.

On average, analysts expect that Workday will report full-year sales of $609.59 million for the current financial year, with estimates ranging from $2.68 billion to $2.75 billion. For the next year, analysts expect that the company will post sales of $3.30 billion per share, with estimates ranging from $3.17 billion to $3.47 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Workday.

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Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $582.48 million during the quarter, compared to the consensus estimate of $573.41 million. Workday had a negative return on equity of 16.31% and a negative net margin of 14.99%.

A number of analysts recently commented on the company. Guggenheim reaffirmed a “hold” rating and set a $106.00 price target on shares of Workday in a research report on Thursday, January 11th. Cowen reaffirmed a “market perform” rating and set a $117.00 price target (up from $107.00) on shares of Workday in a research report on Thursday, February 22nd. BMO Capital Markets increased their price target on Workday from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Wells Fargo reaffirmed a “market perform” rating and set a $130.00 price target (up from $92.50) on shares of Workday in a research report on Wednesday, February 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target (up from $130.00) on shares of Workday in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $119.22.

In other Workday news, insider Mark S. Peek sold 45,000 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $105.31, for a total value of $4,738,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James P. Shaughnessy sold 6,341 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $113.41, for a total value of $719,132.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 781,980 shares of company stock valued at $89,509,266. Company insiders own 37.71% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Advisor Group Inc. increased its stake in Workday by 53.2% in the 3rd quarter. Advisor Group Inc. now owns 1,965 shares of the software maker’s stock worth $208,000 after buying an additional 682 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Workday in the 3rd quarter worth $208,000. Capital One National Association purchased a new stake in Workday in the 4th quarter worth $219,000. KCM Investment Advisors LLC purchased a new stake in Workday in the 4th quarter worth $233,000. Finally, Dubuque Bank & Trust Co. boosted its holdings in shares of Workday by 7,406.3% during the 4th quarter. Dubuque Bank & Trust Co. now owns 2,402 shares of the software maker’s stock valued at $244,000 after purchasing an additional 2,370 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Shares of WDAY traded down $2.78 on Friday, reaching $124.33. 451,533 shares of the company’s stock traded hands, compared to its average volume of 1,697,805. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $26,693.10, a price-to-earnings ratio of -97.80 and a beta of 1.79. Workday has a 52-week low of $80.76 and a 52-week high of $140.00.

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Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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