DA Davidson Predicts Workday's Q3 Earnings (NASDAQ:WDAY)

Key Points

• DA Davidson predicts that Workday will report Q3 2026 earnings of $0.94 per share, maintaining a "Neutral" rating with a price target of $250.00.
• The company reported $2.21 earnings per share for the last quarter, surpassing estimates and achieving a revenue of $2.35 billion.
• Workday's stock has seen a 2.8% decline recently, with an average consensus target price of $283.76 and significant institutional interest, owning 89.81% of the shares.

Workday, Inc. (NASDAQ:WDAY - Free Report) - Equities researchers at DA Davidson issued their Q3 2026 EPS estimates for Workday in a research note issued to investors on Friday, August 22nd. DA Davidson analyst G. Luria anticipates that the software maker will post earnings of $0.94 per share for the quarter. DA Davidson has a "Neutral" rating and a $250.00 price objective on the stock. The consensus estimate for Workday's current full-year earnings is $2.63 per share. DA Davidson also issued estimates for Workday's FY2026 earnings at $3.79 EPS and FY2027 earnings at $4.96 EPS.

Several other brokerages also recently commented on WDAY. Westpark Capital boosted their target price on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Piper Sandler reduced their target price on shares of Workday from $235.00 to $220.00 and set an "underweight" rating on the stock in a research note on Friday. Canaccord Genuity Group reduced their target price on shares of Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday. BMO Capital Markets cut their price target on Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a report on Friday. Finally, Morgan Stanley set a $255.00 price target on Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $283.76.

Workday Stock Down 2.8%

Shares of NASDAQ:WDAY opened at $221.27 on Monday. Workday has a 52 week low of $205.33 and a 52 week high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.10. The company's fifty day moving average is $232.39 and its 200-day moving average is $242.23. The company has a market capitalization of $59.08 billion, a PE ratio of 102.44, a P/E/G ratio of 3.34 and a beta of 1.24.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company earned $1.75 earnings per share. The business's revenue was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

Institutional Trading of Workday

A number of institutional investors and hedge funds have recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new stake in shares of Workday in the 2nd quarter valued at about $25,000. Cornerstone Planning Group LLC increased its stake in shares of Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. bought a new stake in shares of Workday in the 1st quarter valued at about $31,000. Berbice Capital Management LLC increased its stake in shares of Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker's stock valued at $31,000 after acquiring an additional 75 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Workday in the 1st quarter valued at about $32,000. 89.81% of the stock is owned by institutional investors.

Insider Activity

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director directly owned 67,500 shares of the company's stock, valued at approximately $16,767,675. The trade was a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 329,005 shares of company stock worth $79,203,523. Corporate insiders own 20.00% of the company's stock.

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.

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