Zacks: Brokerages Anticipate Workday Inc (WDAY) Will Announce Quarterly Sales of $540.90 Million
Wall Street analysts expect Workday Inc (NYSE:WDAY) to post $540.90 million in sales for the current quarter, Zacks reports. Thirty Five analysts have made estimates for Workday’s earnings. The lowest sales estimate is $535.51 million and the highest is $550.33 million. Workday reported sales of $409.58 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.1%. The company is expected to issue its next quarterly earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Workday will report full-year sales of $540.90 million for the current financial year, with estimates ranging from $2.10 billion to $2.13 billion. For the next financial year, analysts anticipate that the business will report sales of $2.64 billion per share, with estimates ranging from $2.56 billion to $2.73 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Workday.
Workday (NYSE:WDAY) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The firm had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. During the same period in the previous year, the business posted ($0.04) EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis.
Several equities research analysts have weighed in on WDAY shares. UBS AG reissued an “overweight” rating and set a $116.00 price objective (up from $115.00) on shares of Workday in a research note on Thursday, August 31st. Northland Securities reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Workday in a research note on Friday, July 28th. Barclays PLC reiterated an “equal weight” rating and issued a $108.00 target price (up previously from $90.00) on shares of Workday in a report on Thursday, August 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $116.00 target price on shares of Workday in a report on Sunday, August 27th. Finally, Cowen and Company reissued a “market perform” rating and set a $100.00 target price (up previously from $93.00) on shares of Workday in a research report on Thursday, August 31st. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have issued a buy rating to the stock. Workday has an average rating of “Hold” and a consensus price target of $99.06.
In related news, Director David A. Duffield sold 457,386 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $109.35, for a total value of $50,015,159.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Aneel Bhusri sold 11,091 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $102.70, for a total transaction of $1,139,045.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,347,149 shares of company stock valued at $138,624,761. 37.71% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of WDAY. Fisher Asset Management LLC lifted its position in Workday by 0.5% during the second quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock valued at $836,000 after purchasing an additional 45 shares during the period. Nordea Investment Management AB boosted its holdings in Workday by 2.5% in the second quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock valued at $331,000 after purchasing an additional 83 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after purchasing an additional 97 shares during the last quarter. Gemmer Asset Management LLC boosted its holdings in Workday by 1.3% in the second quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock valued at $861,000 after purchasing an additional 117 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Workday by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock valued at $538,000 after purchasing an additional 126 shares during the last quarter. 67.08% of the stock is owned by hedge funds and other institutional investors.
Workday (NYSE:WDAY) opened at 104.52 on Wednesday. The company’s market cap is $21.74 billion. The company’s 50 day moving average is $104.94 and its 200 day moving average is $97.26. Workday has a 12-month low of $65.79 and a 12-month high of $111.45.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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