Workday Likely to Report Higher Second-Quarter Earnings; These Most Accurate Analysts Revise Forecasts Ahead of Earnings Call – Workday (NASDAQ:WDAY)

Workday, Inc. HOLIDAY The company is expected to release its second-quarter financial results after the close of trading on Thursday, August 22.

Analysts expect the Pleasanton, California-based company to report quarterly earnings of $1.65 per share, up from $1.43 per share in the same period a year earlier. Workday is expected to report quarterly revenue of $2.07 billion, according to Benzinga Pro.

On August 21, Axonify signed a partnership agreement with Workday.

Workday shares gained 0.5% to close Wednesday at $233.51.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change, or other variables.

Let’s take a look at how Benzinga’s most accurate analysts assessed its recent performance.

• Evercore ISI Group analyst Kirk Materne maintained an Outperform rating and lowered his price target from $300 to $290 on Aug. 20. This analyst has an accuracy rate of 69%.
• B of A Securities analyst Brad Sills maintained a Buy rating and lowered the price target from $275 to $265 on August 15. The analyst’s forecast accuracy is 78%.
• Piper Sandler analyst Brent Bracelin maintained an “Overweight” rating and lowered his price target from $280 to $262 on July 12. The analyst’s forecast accuracy is 73%.
• Bernstein analyst Mark Moerdler maintained an Outperform rating and lowered his price target from $321 to $301 on May 24. This analyst has an accuracy rate of 71%.
• Loop Capital analyst Yun Kim maintained a “hold” rating and lowered the price target from $280 to $240 on May 24. This analyst has an accuracy rate of 80%.

Are you considering buying WDAY stock? Here’s what analysts think:

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