Brokerages Anticipate Workday Inc (WDAY) Will Post Quarterly Sales of $573.41 Million

Wall Street analysts forecast that Workday Inc (NASDAQ:WDAY) will announce $573.41 million in sales for the current quarter, according to Zacks. Thirty Three analysts have made estimates for Workday’s earnings. The highest sales estimate is $582.26 million and the lowest is $571.30 million. Workday posted sales of $436.67 million during the same quarter last year, which suggests a positive year-over-year growth rate of 31.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 27th.

On average, analysts expect that Workday will report full-year sales of $573.41 million for the current fiscal year, with estimates ranging from $2.10 billion to $2.15 billion. For the next financial year, analysts anticipate that the company will report sales of $2.69 billion per share, with estimates ranging from $2.66 billion to $2.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Workday.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $555.40 million during the quarter, compared to analyst estimates of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The business’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share.

A number of analysts recently issued reports on WDAY shares. Drexel Hamilton restated a “buy” rating and issued a $133.00 price target on shares of Workday in a research note on Wednesday, November 29th. JPMorgan Chase & Co. restated a “buy” rating and issued a $120.00 price target on shares of Workday in a research note on Tuesday, November 28th. Bank of America lifted their price target on shares of Workday from $123.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Robert W. Baird reiterated a “buy” rating and set a $114.00 target price on shares of Workday in a research note on Friday, November 10th. Finally, Oppenheimer reiterated a “buy” rating and set a $117.00 target price on shares of Workday in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Workday presently has an average rating of “Hold” and a consensus price target of $108.91.

Shares of Workday (NASDAQ:WDAY) opened at $127.33 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. The stock has a market cap of $26,740.00, a price-to-earnings ratio of -88.42 and a beta of 2.01. Workday has a 12 month low of $80.61 and a 12 month high of $128.32.

In related news, Director David A. Duffield sold 482,001 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $103.77, for a total value of $50,017,243.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $100.34, for a total transaction of $7,525,500.00. The disclosure for this sale can be found here. Insiders sold 1,199,015 shares of company stock valued at $126,965,706 in the last ninety days. Corporate insiders own 37.71% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WDAY. Dimensional Fund Advisors LP lifted its holdings in Workday by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 101,724 shares of the software maker’s stock worth $9,867,000 after purchasing an additional 2,797 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Workday by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,862 shares of the software maker’s stock worth $763,000 after purchasing an additional 464 shares during the period. Toronto Dominion Bank lifted its holdings in Workday by 15.1% in the second quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock worth $149,000 after purchasing an additional 201 shares during the period. Shell Asset Management Co. lifted its holdings in Workday by 52.1% in the third quarter. Shell Asset Management Co. now owns 11,533 shares of the software maker’s stock worth $951,000 after purchasing an additional 3,950 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in Workday by 5.0% in the third quarter. APG Asset Management N.V. now owns 67,354 shares of the software maker’s stock worth $7,098,000 after purchasing an additional 3,200 shares during the period. 68.19% of the stock is owned by institutional investors and hedge funds.

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About Workday

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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