What Analyst Projections for Key Metrics Reveal About Workday (WDAY) Q3 Earnings

Core Insights - Wall Street analysts expect Workday (WDAY) to report quarterly earnings of $2.12 per share, reflecting a year-over-year increase of 12.2% [1] - Projected revenues for the quarter are anticipated to be $2.41 billion, which represents an 11.8% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [1] Revenue Estimates - The consensus estimate for 'Revenues- Subscription services' is $2.24 billion, indicating a year-over-year change of +14.1% [3] - Analysts project 'Revenues- Professional services' to reach $179.94 million, reflecting a decline of -10.5% from the prior-year quarter [4] - The average prediction for 'Subscription Revenue Backlog' stands at $26.95 billion, up from $22.19 billion reported in the same quarter of the previous year [4] Stock Performance - Over the past month, Workday shares have recorded a return of -7.8%, compared to a -0.3% change in the Zacks S&P 500 composite [4] - Workday holds a Zacks Rank 3 (Hold), suggesting that its performance is likely to align with the overall market in the upcoming period [4]