How Have the Numbers Shaped Up for Workday Stock Forecast, Price & News (NASDAQ:WDAY)

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Earnings results for Workday Stock Forecast, Price & News (NASDAQ:WDAY)

Workday, Inc. is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 20 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.12. The reported EPS for the same quarter last year was $-0.38.

Workday last released its quarterly earnings data on May 27th, 2020. The software maker reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Its revenue was up 23.4% compared to the same quarter last year. Workday has generated ($1.42) earnings per share over the last year. Workday has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on Workday Stock Forecast, Price & News (NASDAQ:WDAY)

33 Wall Street analysts have issued ratings and price targets for Workday in the last 12 months. Their average twelve-month price target is $196.07, predicting that the stock has a possible downside of 8.22%. The high price target for WDAY is $235.00 and the low price target for WDAY is $110.00. There are currently 2 sell ratings, 14 hold ratings, 16 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Hold.”

Workday has received a consensus rating of Hold. The company’s average rating score is 2.48, and is based on 16 buy ratings, 14 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $196.07, Workday has a forecasted downside of 8.2% from its current price of $213.62. Workday has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Workday Stock Forecast, Price & News (NASDAQ:WDAY)

Workday does not currently pay a dividend. Workday does not have a long track record of dividend growth.

Insiders buying/selling: Workday Stock Forecast, Price & News (NASDAQ:WDAY)

In the past three months, Workday insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $89,843,645.00 in company stock. Only 26.51% of the stock of Workday is held by insiders. 66.16% of the stock of Workday is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Workday Stock Forecast, Price & News (NASDAQ:WDAY

Earnings for Workday are expected to grow in the coming year, from ($0.98) to ($0.89) per share. The P/E ratio of Workday is -93.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Workday is -93.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Workday has a P/B Ratio of 19.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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