Equities research analysts forecast that Workday Inc (NASDAQ:WDAY) will post sales of $573.41 million for the current fiscal quarter, according to Zacks Investment Research. Thirty Three analysts have made estimates for Workday’s earnings. The highest sales estimate is $582.26 million and the lowest is $571.30 million. Workday posted sales of $436.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.3%. The business is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Workday will report full-year sales of $573.41 million for the current financial year, with estimates ranging from $2.13 billion to $2.15 billion. For the next year, analysts forecast that the company will post sales of $2.69 billion per share, with estimates ranging from $2.66 billion to $2.72 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Workday.
Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The company had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS.
In other Workday news, insider Gomez Luciano Fernandez sold 1,709 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $124.23, for a total transaction of $212,309.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robynne Sisco sold 5,061 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $110.53, for a total transaction of $559,392.33. The disclosure for this sale can be found here. Insiders sold a total of 1,199,015 shares of company stock worth $126,965,706 over the last ninety days. Insiders own 37.71% of the company’s stock.
A number of institutional investors have recently modified their holdings of WDAY. The Manufacturers Life Insurance Company lifted its stake in shares of Workday by 272.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,050,260 shares of the software maker’s stock worth $310,333,000 after acquiring an additional 2,231,255 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Workday by 6.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,129,457 shares of the software maker’s stock worth $114,911,000 after acquiring an additional 69,700 shares during the period. Franklin Resources Inc. lifted its stake in shares of Workday by 12.5% in the 4th quarter. Franklin Resources Inc. now owns 1,122,150 shares of the software maker’s stock worth $114,168,000 after acquiring an additional 124,330 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Workday by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,042,200 shares of the software maker’s stock worth $109,838,000 after acquiring an additional 4,047 shares during the period. Finally, Champlain Investment Partners LLC lifted its stake in shares of Workday by 1.1% in the 4th quarter. Champlain Investment Partners LLC now owns 885,260 shares of the software maker’s stock worth $90,066,000 after acquiring an additional 9,345 shares during the period. 68.19% of the stock is currently owned by institutional investors.
Workday (NASDAQ:WDAY) traded up $0.41 during trading on Friday, reaching $128.21. 3,254,866 shares of the company’s stock were exchanged, compared to its average volume of 1,560,000. The firm has a market cap of $26,920.00, a price-to-earnings ratio of -89.03 and a beta of 2.01. Workday has a 12 month low of $80.61 and a 12 month high of $131.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11.
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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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