FY2026 EPS Estimates for Workday Increased by Zacks Research

Key Points

• Analysts at Zacks Research have raised their FY2026 earnings per share estimates for Workday to $3.57, slightly up from $3.56, while the current full-year earnings consensus stands at $2.63 per share.
• The stock has received mixed ratings from various brokerages, with some upgrades to "buy" and price targets ranging from $255.00 to $328.00.
• Workday's quarterly earnings report exceeded expectations, posting a $2.23 EPS against an anticipated $2.01, and the company's stock experienced a 0.9% decline recently.

Workday, Inc. (NASDAQ:WDAY - Free Report) - Equities research analysts at Zacks Research raised their FY2026 EPS estimates for Workday in a research note issued on Monday, August 18th. Zacks Research analyst Team now anticipates that the software maker will post earnings of $3.57 per share for the year, up from their previous forecast of $3.56. The consensus estimate for Workday's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday's Q4 2026 earnings at $0.96 EPS, Q1 2027 earnings at $0.95 EPS, FY2027 earnings at $4.70 EPS and Q2 2028 earnings at $1.16 EPS.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.83%. The business 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 firm earned $1.75 earnings per share. The company's revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

WDAY has been the topic of several other research reports. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Friday. Cantor Fitzgerald set a $265.00 price target on shares of Workday in a report on Thursday, August 14th. Oppenheimer lowered their target price on shares of Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a report on Friday. Loop Capital lowered their target price on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Finally, JMP Securities reissued a "market outperform" rating and issued a $315.00 target price on shares of Workday in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average price target of $283.76.

Workday Price Performance

NASDAQ:WDAY traded down $6.31 during trading hours on Wednesday, hitting $221.27. 8,224,204 shares of the stock traded hands, compared to its average volume of 3,409,935. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday has a 1 year low of $205.33 and a 1 year high of $294.00. The company has a market cap of $59.08 billion, a price-to-earnings ratio of 102.44, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24. The stock has a 50 day moving average price of $232.39 and a 200 day moving average price of $242.71.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 73,971 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the transaction, the insider owned 102,997 shares in the company, valued at $24,581,264.02. The trade was a 41.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the sale, the director directly owned 67,500 shares of the company's stock, valued at $16,767,675. This represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 329,005 shares of company stock valued at $79,203,523. Insiders own 19.31% of the company's stock.

Institutional Trading of Workday

A number of hedge funds have recently added to or reduced their stakes in WDAY. Private Trust Co. NA grew its stake in shares of Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after purchasing an additional 42 shares during the period. Salvus Wealth Management LLC lifted its position in shares of Workday by 2.8% during the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock valued at $387,000 after buying an additional 45 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Workday by 1.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker's stock valued at $1,051,000 after buying an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock valued at $82,000 after purchasing an additional 46 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in Workday by 0.4% in the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock valued at $2,778,000 after purchasing an additional 46 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.