What is DA Davidson's Estimate for Workday Q2 Earnings?

Workday, Inc. (NASDAQ:WDAY - Free Report) - Stock analysts at DA Davidson issued their Q2 2026 earnings per share (EPS) estimates for shares of Workday in a report issued on Friday, May 23rd. DA Davidson analyst G. Luria forecasts that the software maker will earn $0.93 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.

WDAY has been the topic of several other research reports. UBS Group upped their price objective on Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $340.00 price target on shares of Workday in a research report on Friday, May 23rd. Canaccord Genuity Group lifted their price objective on Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Piper Sandler restated a "neutral" rating and issued a $255.00 price objective (up from $230.00) on shares of Workday in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus target price of $293.54.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $2.93 during midday trading on Monday, reaching $244.69. The company's stock had a trading volume of 271,227 shares, compared to its average volume of 2,521,234. The stock has a market capitalization of $65.09 billion, a P/E ratio of 40.56, a PEG ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a 50 day moving average price of $241.70 and a 200-day moving average price of $253.71. Workday has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share.

Institutional Investors Weigh In On Workday

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after buying an additional 4,517,272 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in Workday in the 4th quarter worth $658,735,000. Norges Bank purchased a new stake in Workday in the 4th quarter worth $645,710,000. Parnassus Investments LLC raised its position in Workday by 562.2% during the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after acquiring an additional 2,078,097 shares during the period. Finally, Nuveen LLC purchased a new position in Workday during the first quarter valued at $456,341,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the sale, the director now directly owns 75,000 shares of the company's stock, valued at approximately $18,099,750. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $26,729,781.44. The trade was a 39.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 318,793 shares of company stock worth $77,122,102. Insiders own 20.00% 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.