Zacks Research Estimates Workday's Q4 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY - Free Report) - Analysts at Zacks Research decreased their Q4 2026 earnings per share estimates for shares of Workday in a research report issued on Monday, April 28th. Zacks Research analyst R. Department now expects that the software maker will earn $0.92 per share for the quarter, down from their previous forecast of $0.93. The consensus estimate for Workday's current full-year earnings is $2.63 per share.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share 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 analysts' expectations of $2.18 billion.

A number of other analysts have also recently commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Workday in a research report on Monday, March 24th. Daiwa America raised Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Scotiabank decreased their price objective on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Jefferies Financial Group lowered their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Citigroup reduced their price target on shares of Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and an average target price of $292.86.

Workday Stock Up 0.8 %

Shares of WDAY traded up $2.07 during midday trading on Wednesday, reaching $248.68. The stock had a trading volume of 1,302,174 shares, compared to its average volume of 2,596,618. The company has a market cap of $66.15 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 3.55 and a beta of 1.30. The company's fifty day simple moving average is $239.28 and its two-hundred day simple moving average is $251.84. Workday has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Institutional Trading of Workday

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after acquiring an additional 4,517,272 shares during the period. Geode Capital Management LLC raised its stake in Workday by 61.9% during the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after purchasing an additional 1,772,223 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 60.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock valued at $960,454,000 after purchasing an additional 1,406,088 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Workday by 1.5% in the fourth quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock worth $911,027,000 after buying an additional 52,104 shares during the period. Finally, FIL Ltd grew its holdings in shares of Workday by 6.5% during the fourth quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock valued at $764,575,000 after buying an additional 181,899 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Activity at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. The trade was a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock worth $77,976,126 in the last three months. 20.00% of the stock is owned by company insiders.

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.