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Workday (WDAY) Gains As Market Dips: What You Should Know
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Workday (WDAY - Free Report) closed the most recent trading day at $189.47, moving +0.43% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the maker of human resources software had gained 9.9% in the past month. In that same time, the Computer and Technology sector gained 5.75%, while the S&P 500 gained 4.48%.
WDAY will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2019. The company is expected to report EPS of $0.32, up 14.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $776.84 million, up 33.37% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for WDAY. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. WDAY is currently a Zacks Rank #2 (Buy).
Looking at its valuation, WDAY is holding a Forward P/E ratio of 116.91. This valuation marks a premium compared to its industry's average Forward P/E of 52.77.
Investors should also note that WDAY has a PEG ratio of 3.75 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. WDAY's industry had an average PEG ratio of 2.84 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Workday (WDAY) Gains As Market Dips: What You Should Know
Workday (WDAY - Free Report) closed the most recent trading day at $189.47, moving +0.43% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the maker of human resources software had gained 9.9% in the past month. In that same time, the Computer and Technology sector gained 5.75%, while the S&P 500 gained 4.48%.
WDAY will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2019. The company is expected to report EPS of $0.32, up 14.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $776.84 million, up 33.37% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for WDAY. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. WDAY is currently a Zacks Rank #2 (Buy).
Looking at its valuation, WDAY is holding a Forward P/E ratio of 116.91. This valuation marks a premium compared to its industry's average Forward P/E of 52.77.
Investors should also note that WDAY has a PEG ratio of 3.75 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. WDAY's industry had an average PEG ratio of 2.84 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.