Research Analysts Issue Forecasts for Workday Q3 Earnings

Key Points

• Capital One Financial has raised its Q3 2026 earnings per share (EPS) estimate for Workday from $0.62 to $0.64, contributing to an overall positive outlook for the company.
• Multiple analysts have recently adjusted price targets for Workday, with Piper Sandler upgrading the stock to "neutral" and raising the target from $220 to $235.
• Workday's stock remains actively traded, with a market cap of $62.34 billion, and the company reported a 12.6% increase in quarterly revenue year-over-year.

Workday, Inc. (NASDAQ:WDAY - Free Report) - Investment analysts at Capital One Financial lifted their Q3 2026 earnings per share estimates for shares of Workday in a research report issued on Tuesday, September 16th. Capital One Financial analyst C. Murphy now forecasts that the software maker will post earnings per share of $0.64 for the quarter, up from their previous forecast of $0.62. The consensus estimate for Workday's current full-year earnings is $2.63 per share. Capital One Financial also issued estimates for Workday's Q4 2026 earnings at $0.66 EPS, FY2026 earnings at $3.19 EPS, Q1 2027 earnings at $0.87 EPS, Q2 2027 earnings at $1.03 EPS, Q3 2027 earnings at $1.18 EPS, Q4 2027 earnings at $1.37 EPS and FY2027 earnings at $4.46 EPS.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The company's revenue for the quarter 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.

A number of other brokerages have also recently issued reports on WDAY. Barclays lifted their price objective on shares of Workday from $285.00 to $288.00 and gave the company an "overweight" rating in a report on Thursday. Stifel Nicolaus decreased their price objective on Workday from $275.00 to $255.00 and set a "hold" rating for the company in a report on Friday, August 22nd. Guggenheim raised Workday from a "neutral" rating to a "buy" rating and set a $285.00 target price on the stock in a research report on Wednesday. UBS Group set a $304.00 target price on shares of Workday in a research note on Friday, August 22nd. Finally, Zacks Research upgraded shares of Workday from a "hold" rating to a "strong-buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Workday presently has an average rating of "Moderate Buy" and an average price target of $287.83.

Workday Stock Up 0.1%

NASDAQ WDAY traded up $0.12 during mid-day trading on Friday, hitting $233.62. The company's stock had a trading volume of 5,925,724 shares, compared to its average volume of 3,765,603. The firm has a market capitalization of $62.38 billion, a price-to-earnings ratio of 108.16, a PEG ratio of 3.08 and a beta of 1.12. The company's 50 day simple moving average is $228.66 and its 200 day simple moving average is $237.84. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday has a twelve month low of $205.33 and a twelve month high of $294.00.

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Harry Sauer sold 1,160 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total value of $273,075.60. Following the completion of the transaction, the insider owned 95,756 shares of the company's stock, valued at approximately $22,541,919.96. The trade was a 1.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,024 shares of company stock worth $76,664,934. 19.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Workday during the first quarter valued at $456,341,000. Norges Bank purchased a new stake in shares of Workday during the second quarter worth about $442,702,000. T. Rowe Price Investment Management Inc. lifted its stake in Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock valued at $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Finally, Generation Investment Management LLP grew its position in Workday by 36.6% in the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock worth $678,117,000 after acquiring an additional 778,301 shares in the last quarter. 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.