Workday (WDAY) Posts Earnings Results, Misses Estimates By $0.03 EPS

Workday (NASDAQ:WDAY) issued its quarterly earnings results on Tuesday. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.03), Morningstar.com reports. Workday had a negative return on equity of 15.30% and a negative net margin of 15.19%. The firm had revenue of $825.10 million for the quarter, compared to analyst estimates of $814.21 million. During the same quarter last year, the firm earned $0.33 earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year.

Shares of NASDAQ WDAY traded up $1.60 on Thursday, hitting $204.83. The company’s stock had a trading volume of 12,254 shares, compared to its average volume of 1,579,512. Workday has a 12-month low of $117.24 and a 12-month high of $217.63. The company has a market capitalization of $47.26 billion, a PE ratio of -166.58 and a beta of 1.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.11.

In other news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $179.58, for a total value of $53,874,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Duffield sold 175,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.18, for a total transaction of $32,581,500.00. The disclosure for this sale can be found here. Insiders sold 1,126,562 shares of company stock worth $208,547,706 in the last ninety days. Insiders own 29.80% of the company’s stock.



Large investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. raised its position in shares of Workday by 60.9% in the first quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock valued at $29,000 after buying an additional 56 shares during the last quarter. Advisory Alpha LLC acquired a new position in shares of Workday in the first quarter valued at approximately $30,000. Lindbrook Capital LLC raised its position in shares of Workday by 149.2% in the first quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock valued at $29,000 after buying an additional 91 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Workday in the fourth quarter valued at approximately $26,000. Finally, Captrust Financial Advisors raised its position in shares of Workday by 60.0% in the fourth quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after buying an additional 60 shares during the last quarter. 67.23% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on WDAY. BNP Paribas began coverage on shares of Workday in a research note on Friday, March 29th. They set an “underperform” rating and a $125.00 price target on the stock. Wedbush reissued a “neutral” rating and set a $209.00 price objective on shares of Workday in a report on Thursday, May 23rd. Oppenheimer boosted their price objective on shares of Workday from $216.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Bank of America boosted their price objective on shares of Workday from $234.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity boosted their price objective on shares of Workday from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Workday presently has a consensus rating of “Buy” and a consensus price target of $206.32.

ILLEGAL ACTIVITY NOTICE: “Workday (WDAY) Posts Earnings Results, Misses Estimates By $0.03 EPS” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://dakotafinancialnews.com/2019/05/30/workday-wday-posts-earnings-results-misses-estimates-by-0-03-eps.html.

About Workday

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.

Featured Story: QQQ ETF

Earnings History for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.