Zacks Research Analysts Cut Earnings Estimates for Workday

Workday, Inc. (NASDAQ:WDAY - Free Report) - Analysts at Zacks Research lowered their FY2026 EPS estimates for Workday in a note issued to investors on Monday, April 28th. Zacks Research analyst R. Department now anticipates that the software maker will earn $3.38 per share for the year, down from their prior estimate of $3.39. 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 $1.30 EPS, FY2027 earnings at $4.61 EPS and FY2028 earnings at $5.30 EPS.

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

WDAY has been the subject of a number of other reports. Daiwa America raised Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Loop Capital boosted their price target on shares of Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research note on Wednesday, February 19th. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. Scotiabank cut their target price on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Finally, Canaccord Genuity Group raised their price target on Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.86.

Workday Trading Up 0.8 %

WDAY stock traded up $2.07 during midday trading on Thursday, hitting $248.68. 1,302,174 shares of the company's stock were exchanged, compared to its average volume of 2,594,706. Workday has a 1-year low of $199.81 and a 1-year high of $294.00. The business has a 50-day simple moving average of $239.28 and a two-hundred day simple moving average of $251.92. The stock has a market capitalization of $66.15 billion, a PE ratio of 41.24, a P/E/G ratio of 3.55 and a beta of 1.30. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at approximately $22,111,395.96. This trade represents a 44.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares of the company's stock, valued at $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is owned by corporate insiders.

Institutional Trading of Workday

Several institutional investors and hedge funds have recently bought and sold shares of WDAY. Crews Bank & Trust acquired a new position in Workday in the fourth quarter valued at $26,000. Roxbury Financial LLC acquired a new position in Workday in the 4th quarter valued at about $25,000. Avion Wealth raised its stake in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after acquiring an additional 86 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after acquiring an additional 54 shares during the period. Finally, TCTC Holdings LLC purchased a new position in shares of Workday in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Company Profile

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.