Zacks Research Has Positive Estimate for Workday Q3 Earnings

Workday, Inc. (NASDAQ:WDAY) – Equities research analysts at Zacks Research raised their Q3 2027 earnings per share estimates for shares of Workday in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the software maker will post earnings per share of $1.30 for the quarter, up from their prior estimate of $1.18. 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 $1.32 EPS.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion.

Several other research analysts have also weighed in on WDAY. JPMorgan Chase & Co. increased their target price on Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Royal Bank of Canada upped their price target on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. BNP Paribas raised Workday to a “strong-buy” rating in a research note on Friday, February 14th. JMP Securities reiterated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and raised their price target for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $300.36.

Workday Stock Performance

NASDAQ:WDAY opened at $249.49 on Thursday. The company has a market cap of $66.36 billion, a P/E ratio of 41.37, a P/E/G ratio of 3.55 and a beta of 1.38. The firm’s 50 day moving average is $256.76 and its two-hundred day moving average is $255.15. Workday has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Hedge Funds Weigh In On Workday

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Crews Bank & Trust bought a new stake in shares of Workday in the 4th quarter worth approximately $26,000. Roxbury Financial LLC bought a new stake in Workday in the fourth quarter valued at $25,000. Avion Wealth boosted its holdings in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the period. TCTC Holdings LLC acquired a new position in shares of Workday during the fourth quarter valued at $35,000. Finally, Meeder Asset Management Inc. grew its position in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $265.70, for a total value of $14,879,200.00. Following the completion of the transaction, the insider now directly owns 228,000 shares of the company’s stock, valued at approximately $60,579,600. The trade was a 19.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 473,001 shares of company stock worth $120,614,400 over the last quarter. 20.00% of the stock is owned by corporate insiders.

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.