Brokers Issue Forecasts for Workday, Inc.’s Q3 2026 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Zacks Research dropped their Q3 2026 earnings per share estimates for Workday in a note issued to investors on Tuesday, September 24th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.85. The consensus estimate for Workday’s current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Workday’s Q4 2026 earnings at $0.80 EPS, FY2026 earnings at $2.98 EPS, Q1 2027 earnings at $0.87 EPS, Q2 2027 earnings at $1.09 EPS and FY2027 earnings at $4.44 EPS.

A number of other brokerages have also weighed in on WDAY. Barclays upped their target price on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Morgan Stanley reduced their price target on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, August 23rd. Evercore ISI lowered their price objective on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Finally, Needham & Company LLC decreased their target price on shares of Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Workday Stock Performance

Shares of WDAY opened at $245.43 on Friday. The firm’s 50 day moving average price is $238.49 and its two-hundred day moving average price is $241.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. Workday has a twelve month low of $199.81 and a twelve month high of $311.28. The firm has a market cap of $65.04 billion, a P/E ratio of 44.22, a PEG ratio of 4.91 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the business posted $0.40 EPS. Workday’s revenue for the quarter was up 16.5% on a year-over-year basis.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 78,279 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $223.89, for a total value of $17,525,885.31. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $23,059,998.33. The sale was disclosed in a filing with the SEC, which is available at this link. In other Workday news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the transaction, the insider now directly owns 92,014 shares of the company’s stock, valued at approximately $20,856,813.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 78,279 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $223.89, for a total transaction of $17,525,885.31. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $23,059,998.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 467,402 shares of company stock valued at $111,071,544. 20.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Workday

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDAY. Crewe Advisors LLC acquired a new position in shares of Workday during the first quarter worth $27,000. Sound Income Strategies LLC raised its position in Workday by 74.2% in the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after purchasing an additional 49 shares during the last quarter. SouthState Corp lifted its position in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares during the period. Pacific Center for Financial Services increased its position in shares of Workday by 57.0% during the first quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock worth $43,000 after buying an additional 57 shares during the period. Finally, Goodman Advisory Group LLC bought a new position in Workday during the second quarter worth $35,000. 89.81% of the stock is currently owned by institutional investors.

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.