Workday Inc (NASDAQ:WDAY) to Post FY2020 Earnings of ($1.14) Per Share, William Blair Forecasts

Workday Inc (NASDAQ:WDAY) – William Blair issued their FY2020 earnings per share estimates for Workday in a research report issued on Tuesday, December 10th. William Blair analyst M. Pfau expects that the software maker will post earnings per share of ($1.14) for the year. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Workday’s Q4 2020 earnings at ($0.40) EPS, Q1 2021 earnings at ($0.32) EPS, Q2 2021 earnings at ($0.27) EPS, Q3 2021 earnings at ($0.25) EPS, Q4 2021 earnings at ($0.21) EPS, FY2021 earnings at ($1.05) EPS and Q3 2022 earnings at ($0.28) EPS.

WDAY has been the topic of several other research reports. KeyCorp set a $235.00 target price on Workday and gave the company a “buy” rating in a research note on Thursday, August 29th. Bank of America reaffirmed a “buy” rating and set a $260.00 target price on shares of Workday in a research note on Wednesday, November 27th. Northland Securities reaffirmed a “hold” rating and set a $200.00 target price on shares of Workday in a research note on Wednesday, December 4th. BidaskClub cut Workday from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $196.00 target price on shares of Workday in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Workday presently has an average rating of “Hold” and an average target price of $208.06.

NASDAQ:WDAY opened at $159.46 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.19 and a quick ratio of 1.19. Workday has a fifty-two week low of $141.70 and a fifty-two week high of $226.83. The stock’s 50-day moving average is $166.56 and its two-hundred day moving average is $186.31. The stock has a market cap of $37.62 billion, a PE ratio of -130.70 and a beta of 1.54.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, December 3rd. The software maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. Workday had a negative return on equity of 11.63% and a negative net margin of 13.29%. The company had revenue of $938.10 million for the quarter, compared to analysts’ expectations of $920.65 million. During the same quarter in the previous year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 26.2% on a year-over-year basis.

A number of institutional investors and hedge funds have recently bought and sold shares of WDAY. Vanguard Group Inc. lifted its holdings in Workday by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,609,541 shares of the software maker’s stock worth $1,975,530,000 after purchasing an additional 683,181 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Workday by 19,929.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 547,999 shares of the software maker’s stock worth $112,658,000 after purchasing an additional 545,263 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Workday by 55.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 889,005 shares of the software maker’s stock worth $151,095,000 after buying an additional 315,764 shares during the period. Nikko Asset Management Americas Inc. bought a new position in Workday in the 3rd quarter worth approximately $44,215,000. Finally, Whale Rock Capital Management LLC increased its position in Workday by 52.6% in the 2nd quarter. Whale Rock Capital Management LLC now owns 572,963 shares of the software maker’s stock worth $117,790,000 after buying an additional 197,394 shares during the period. Hedge funds and other institutional investors own 67.09% of the company’s stock.

In related news, insider Petros Dermetzis sold 3,464 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.32, for a total value of $558,812.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aneel Bhusri sold 6,355 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $184.02, for a total value of $1,169,447.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 637,801 shares of company stock valued at $105,030,524. Corporate insiders own 29.80% of the company’s stock.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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