Equities research analysts expect that Workday, Inc. (NYSE:WDAY) will report earnings per share of ($0.39) for the current quarter, according to Zacks Investment Research. Thirty Four analysts have made estimates for Workday’s earnings. The highest EPS estimate is ($0.33) and the lowest is ($0.49). Workday reported earnings of ($0.49) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 23rd.

According to Zacks, analysts expect that Workday will report full year earnings of ($1.50) per share for the current year, with EPS estimates ranging from ($1.75) to ($1.30). For the next financial year, analysts forecast that the company will report earnings of ($1.54) per share, with EPS estimates ranging from ($1.96) to ($1.00). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Workday.

Workday (NYSE:WDAY) last announced its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The firm had revenue of $479.90 million during the quarter, compared to analyst estimates of $468.07 million. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. Workday’s revenue was up 38.0% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS.

A number of analysts recently weighed in on the stock. UBS AG restated a “buy” rating and set a $115.00 target price (up from $103.00) on shares of Workday in a research note on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price target on Workday and gave the company a “buy” rating in a report on Saturday, June 3rd. Northland Securities reaffirmed a “hold” rating and issued a $90.00 price target on shares of Workday in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $106.00 price target on shares of Workday in a report on Sunday. Finally, J P Morgan Chase & Co upped their price target on Workday to $115.00 and gave the company an “overweight” rating in a report on Thursday, July 13th. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.37.

In related news, Director David A. Duffield sold 359,484 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $97.39, for a total transaction of $35,010,146.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Stankey sold 6,249 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $94.51, for a total value of $590,592.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,284,581 shares of company stock valued at $127,908,387. Company insiders own 37.71% of the company’s stock.

A number of hedge funds have recently modified their holdings of WDAY. Vanguard Group Inc. raised its stake in shares of Workday by 6.4% in the first quarter. Vanguard Group Inc. now owns 9,936,052 shares of the software maker’s stock worth $827,474,000 after buying an additional 593,839 shares during the last quarter. State Street Corp raised its stake in shares of Workday by 10.6% in the first quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock worth $190,552,000 after buying an additional 219,326 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Workday by 3.3% in the second quarter. Federated Investors Inc. PA now owns 1,322,300 shares of the software maker’s stock worth $128,263,000 after buying an additional 41,800 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Workday by 5.2% in the second quarter. Blair William & Co. IL now owns 963,882 shares of the software maker’s stock worth $93,497,000 after buying an additional 47,900 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its stake in shares of Workday by 16.5% in the first quarter. Champlain Investment Partners LLC now owns 804,615 shares of the software maker’s stock worth $67,008,000 after buying an additional 114,030 shares during the last quarter.

Workday (NYSE WDAY) opened at 100.80 on Tuesday. The stock’s market capitalization is $20.87 billion. The company has a 50 day moving average of $100.70 and a 200 day moving average of $91.11. Workday has a 12 month low of $65.79 and a 12 month high of $106.75.

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About Workday

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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