Research Analysts Set Expectations for Workday Q4 Earnings

Workday, Inc. (NASDAQ:WDAY - Free Report) - Equities research analysts at Zacks Research lowered their Q4 2026 EPS estimates for Workday in a research note issued to investors on Monday, April 21st. Zacks Research analyst R. Department now forecasts that the software maker will post earnings per share of $0.93 for the quarter, down from their previous forecast of $0.95. The consensus estimate for Workday's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday's Q4 2027 earnings at $1.31 EPS and FY2028 earnings at $5.35 EPS.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%.

Other equities research analysts also recently issued reports about the company. Scotiabank cut their price target on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Redburn Atlantic assumed coverage on shares of Workday in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Canaccord Genuity Group raised their target price on shares of Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their price objective on Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $292.86.

Workday Price Performance

NASDAQ:WDAY traded down $1.59 during trading hours on Wednesday, hitting $237.94. The stock had a trading volume of 360,843 shares, compared to its average volume of 2,619,481. 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 company has a 50 day simple moving average of $240.73 and a two-hundred day simple moving average of $251.90. Workday has a one year low of $199.81 and a one year high of $294.00. The firm has a market capitalization of $63.29 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 3.55 and a beta of 1.32.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of Workday 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 directly owns 102,997 shares in the company, valued at $22,111,395.96. The trade was a 44.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 321,724 shares of company stock worth $77,976,126. Company insiders own 20.00% of the company's stock.

Institutional Investors Weigh In On Workday

Hedge funds have recently bought and sold shares of the business. Bristlecone Advisors LLC boosted its position in shares of Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock valued at $754,000 after acquiring an additional 968 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock worth $182,753,000 after purchasing an additional 119,769 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Workday during the 4th quarter worth $369,000. Principal Financial Group Inc. raised its position in shares of Workday by 45.0% in the 3rd quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker's stock worth $4,349,000 after acquiring an additional 5,519 shares in the last quarter. Finally, Smith Group Asset Management LLC raised its holdings in Workday by 9.4% during the fourth quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker's stock worth $28,129,000 after buying an additional 9,324 shares during 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.