Zacks Research Analysts Raise Earnings Estimates for Workday

Workday, Inc. (NASDAQ:WDAY) – Equities researchers at Zacks Research raised their Q3 2027 earnings per share (EPS) estimates for Workday in a report issued on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the software maker will post earnings of $1.30 per share for the quarter, up from their prior 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.

A number of other research firms have also weighed in on WDAY. Scotiabank lowered their price objective on Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research note on Monday. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Daiwa America raised Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. UBS Group lifted their target price on Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their target price on Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $300.36.

Workday Stock Performance

NASDAQ WDAY opened at $252.50 on Thursday. The stock’s fifty day moving average is $256.84 and its two-hundred day moving average is $255.28. The firm has a market capitalization of $67.17 billion, a P/E ratio of 41.87, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

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

Insiders Place Their Bets

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the transaction, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 473,001 shares of company stock worth $120,614,400 in the last quarter. 20.00% of the stock is owned by company insiders.

Institutional Trading of Workday

Large investors have recently made changes to their positions in the company. Crews Bank & Trust acquired a new stake in shares of Workday in the 4th quarter valued at about $26,000. Roxbury Financial LLC acquired a new stake in shares of Workday in the 4th quarter valued at about $25,000. Avion Wealth boosted its position in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in shares of Workday in the 4th quarter valued at about $35,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Workday by 42.2% in 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. 89.81% of the stock is owned by institutional investors and hedge funds.

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.