$1.43 Billion in Sales Expected for Workday, Inc. (NASDAQ:WDAY) This Quarter

Wall Street analysts forecast that Workday, Inc. (NASDAQ:WDAY – Get Rating) will post $1.43 billion in sales for the current fiscal quarter, according to Zacks. Thirty analysts have provided estimates for Workday’s earnings. The lowest sales estimate is $1.41 billion and the highest is $1.44 billion. Workday posted sales of $1.18 billion during the same quarter last year, which suggests a positive year over year growth rate of 21.2%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Workday will report full year sales of $6.20 billion for the current year, with estimates ranging from $6.16 billion to $6.28 billion. For the next fiscal year, analysts expect that the business will report sales of $7.44 billion, with estimates ranging from $7.28 billion to $7.66 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Workday.

Workday (NASDAQ:WDAY – Get Rating) last announced its quarterly earnings results on Monday, February 28th. The software maker reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Workday had a net margin of 0.57% and a return on equity of 2.63%. The business’s revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company earned ($0.13) earnings per share.

Several equities analysts recently issued reports on WDAY shares. Loop Capital decreased their price objective on Workday from $340.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Societe Generale upgraded Workday from a “hold” rating to a “buy” rating and boosted their price objective for the company from $306.00 to $309.00 in a research report on Tuesday, March 1st. Stifel Nicolaus decreased their price objective on Workday from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Citigroup raised Workday to a “buy” rating and set a $295.00 price target for the company in a research report on Tuesday, February 1st. Finally, Needham & Company LLC reduced their price target on Workday from $360.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $309.34.

In related news, major shareholder David A. Duffield sold 209,657 shares of the firm’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $238.52, for a total value of $50,007,387.64. Following the transaction, the insider now owns 104,395 shares in the company, valued at $24,900,295.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gomez Luciano Fernandez sold 1,756 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $240.84, for a total value of $422,915.04. The disclosure for this sale can be found here. Insiders have sold a total of 256,453 shares of company stock worth $60,374,855 in the last quarter. Company insiders own 24.06% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in WDAY. Consolidated Planning Corp acquired a new stake in Workday in the third quarter valued at about $27,000. Financial Management Professionals Inc. acquired a new stake in shares of Workday during the fourth quarter valued at about $27,000. Riverview Trust Co acquired a new stake in shares of Workday during the first quarter valued at about $27,000. Dark Forest Capital Management LP acquired a new stake in shares of Workday during the third quarter valued at about $28,000. Finally, Arlington Partners LLC acquired a new stake in shares of Workday during the fourth quarter valued at about $28,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of WDAY traded up $10.37 on Monday, hitting $182.29. The company’s stock had a trading volume of 3,815,404 shares, compared to its average volume of 2,382,548. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average price is $220.61 and its 200-day moving average price is $246.76. Workday has a fifty-two week low of $168.90 and a fifty-two week high of $307.81. The firm has a market capitalization of $45.57 billion, a price-to-earnings ratio of 1,822.90 and a beta of 1.39.

About Workday (Get Rating)

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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