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Why Workday (WDAY) Outpaced the Stock Market Today
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Workday (WDAY - Free Report) ended the recent trading session at $128.59, demonstrating a +1.28% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.81%. On the other hand, the Dow registered a gain of 0.73%, and the technology-centric Nasdaq increased by 1.03%.
The maker of human resources software's shares have seen a decrease of 1.41% over the last month, not keeping up with the Computer and Technology sector's gain of 17.98% and the S&P 500's gain of 9.47%.
The upcoming earnings release of Workday will be of great interest to investors. The company's earnings report is expected on May 21, 2026. The company's upcoming EPS is projected at $2.49, signifying a 11.66% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.52 billion, up 12.37% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.54 per share and revenue of $10.66 billion, which would represent changes of +14.19% and +11.56%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Workday. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Workday is currently a Zacks Rank #3 (Hold).
With respect to valuation, Workday is currently being traded at a Forward P/E ratio of 12.14. This denotes a discount relative to the industry average Forward P/E of 19.4.
Investors should also note that WDAY has a PEG ratio of 0.6 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.12 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Why Workday (WDAY) Outpaced the Stock Market Today
Workday (WDAY - Free Report) ended the recent trading session at $128.59, demonstrating a +1.28% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.81%. On the other hand, the Dow registered a gain of 0.73%, and the technology-centric Nasdaq increased by 1.03%.
The maker of human resources software's shares have seen a decrease of 1.41% over the last month, not keeping up with the Computer and Technology sector's gain of 17.98% and the S&P 500's gain of 9.47%.
The upcoming earnings release of Workday will be of great interest to investors. The company's earnings report is expected on May 21, 2026. The company's upcoming EPS is projected at $2.49, signifying a 11.66% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.52 billion, up 12.37% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.54 per share and revenue of $10.66 billion, which would represent changes of +14.19% and +11.56%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Workday. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Workday is currently a Zacks Rank #3 (Hold).
With respect to valuation, Workday is currently being traded at a Forward P/E ratio of 12.14. This denotes a discount relative to the industry average Forward P/E of 19.4.
Investors should also note that WDAY has a PEG ratio of 0.6 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.12 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.