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Workday (NASDAQ:) ended the recent trading session at $211.46, marking a minor dip of 0.12%, yet it has seen a rise of 2.13% over the past month. This growth outperformed the broader Computer and Technology sector as well as the S&P 500’s losses during the same period.
Looking ahead to its forthcoming earnings release, Workday is expected to report an EPS growth of 26.26% ($1.25) and a revenue increase of 15.33%, amounting to $1.84 billion. The full-year Zacks Consensus Estimates project earnings of $5.58 per share and revenue of $7.22 billion, representing year-over-year changes of +53.3% and +16.14% respectively.
This ranking system has proven successful in the past, with #1 ranked stocks delivering an average annual return of +25% since its inception in 1988.
InvestingPro Insights
Based on real-time data from InvestingPro, Workday (NASDAQ:WDAY) holds a market capitalization of $55.4 billion, and despite having a negative P/E ratio of -447.45, it has demonstrated a robust revenue growth of 18.38% over the last twelve months as of Q2 2024. The company also maintains a strong Gross Profit Margin of 73.87%.
InvestingPro Tips reveal that Workday holds more cash than debt on its balance sheet and its liquid assets exceed short term obligations, indicating a strong financial position. Despite not being profitable over the last twelve months, analysts predict profitability for the company this year. However, potential investors should be aware that the company does not pay dividends to its shareholders.
These insights are just a taste of the wealth of information available on InvestingPro. For instance, there are eight more InvestingPro Tips related to Workday’s financial performance and valuation that could further guide investment decisions. Explore InvestingPro for a deeper understanding of your investments.
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