Zacks Research Has Positive Outlook for Workday Q2 Earnings

Workday, Inc. (NASDAQ:WDAY - Free Report) - Equities researchers at Zacks Research raised their Q2 2026 earnings per share (EPS) estimates for Workday in a note issued to investors on Thursday, June 12th. Zacks Research analyst R. Department now anticipates that the software maker will earn $0.84 per share for the quarter, up from their previous estimate of $0.81. The consensus estimate for Workday's current full-year earnings is $2.63 per share.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion for 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%. Workday's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $1.74 EPS.

Several other brokerages have also recently weighed in on WDAY. JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research report on Friday, May 23rd. Scotiabank dropped their target price on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Canaccord Genuity Group upped their price target on Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. BMO Capital Markets raised their price objective on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus cut their price objective on shares of Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $293.54.

Workday Stock Up 0.5%

Shares of NASDAQ WDAY traded up $1.11 during mid-day trading on Monday, reaching $245.65. 1,825,519 shares of the company's stock traded hands, compared to its average volume of 2,462,903. 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 business has a 50-day simple moving average of $245.50 and a 200 day simple moving average of $252.46. The stock has a market cap of $65.59 billion, a P/E ratio of 40.74, a PEG ratio of 3.55 and a beta of 1.24. Workday has a 1-year low of $199.81 and a 1-year high of $294.00.

Hedge Funds Weigh In On Workday

Several hedge funds have recently made changes to their positions in the stock. Roxbury Financial LLC purchased a new position in Workday during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position in shares of Workday by 76.1% in the first 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 period. Dagco Inc. purchased a new position in Workday during the first quarter valued at approximately $31,000. TCTC Holdings LLC bought a new stake in Workday during the 4th quarter worth approximately $35,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in Workday in the 1st quarter worth approximately $32,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 67,500 shares of the company's stock, valued at approximately $16,767,675. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,666 shares of company stock worth $38,465,025. Company insiders own 19.31% 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.