Company Performance - Workday's stock closed at $222.22, reflecting a -3.12% change from the previous day's closing price, underperforming the S&P 500, which lost 1.6% [1] - Over the past month, Workday shares declined by 5.12%, while the Computer and Technology sector gained 4.45% and the S&P 500 increased by 2.25% [1] Upcoming Financial Results - Workday is expected to report an EPS of $2.09, representing a 19.43% increase compared to the same quarter last year [2] - The consensus estimate for revenue is projected at $2.34 billion, indicating a 12.22% rise from the equivalent quarter last year [2] Annual Forecast - Zacks Consensus Estimates predict earnings of $8.7 per share and revenue of $9.5 billion for the year, reflecting increases of +19.18% and +12.45% respectively compared to the previous year [3] Analyst Estimates and Stock Price Correlation - Changes in analyst estimates for Workday are correlated with near-term stock prices, with positive revisions indicating optimism about the business outlook [4][3] Zacks Rank and Valuation - Workday currently holds a Zacks Rank of 3 (Hold), with a recent consensus EPS projection moving 0.05% lower [5] - The company is trading at a Forward P/E ratio of 26.35, which is a discount compared to its industry's Forward P/E of 28.71 [6] Industry Overview - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Workday (WDAY) Registers a Bigger Fall Than the Market: Important Facts to Note