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Why Workday (WDAY) Outpaced the Stock Market Today
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Workday (WDAY - Free Report) closed the most recent trading day at $201.84, moving +1.97% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.58%. On the other hand, the Dow registered a gain of 3.03%, and the technology-centric Nasdaq increased by 1.44%.
Shares of the maker of human resources software witnessed a gain of 6.11% over the previous month, beating the performance of the Computer and Technology sector with its loss of 12.04%, and the S&P 500's loss of 1.97%.
Investors will be eagerly watching for the performance of Workday in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 24, 2026. On that day, Workday is projected to report earnings of $2.74 per share, which would represent year-over-year growth of 18.1%. Meanwhile, our latest consensus estimate is calling for revenue of $2.69 billion, up 10.6% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.12 per share and revenue of $10.66 billion, which would represent changes of +20.48% and +15.46%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Workday. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.21% fall in the Zacks Consensus EPS estimate. At present, Workday boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Workday is holding a Forward P/E ratio of 17.8. This expresses a discount compared to the average Forward P/E of 20.47 of its industry.
It is also worth noting that WDAY currently has a PEG ratio of 0.95. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.28.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why Workday (WDAY) Outpaced the Stock Market Today
Workday (WDAY - Free Report) closed the most recent trading day at $201.84, moving +1.97% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.58%. On the other hand, the Dow registered a gain of 3.03%, and the technology-centric Nasdaq increased by 1.44%.
Shares of the maker of human resources software witnessed a gain of 6.11% over the previous month, beating the performance of the Computer and Technology sector with its loss of 12.04%, and the S&P 500's loss of 1.97%.
Investors will be eagerly watching for the performance of Workday in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 24, 2026. On that day, Workday is projected to report earnings of $2.74 per share, which would represent year-over-year growth of 18.1%. Meanwhile, our latest consensus estimate is calling for revenue of $2.69 billion, up 10.6% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.12 per share and revenue of $10.66 billion, which would represent changes of +20.48% and +15.46%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Workday. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.21% fall in the Zacks Consensus EPS estimate. At present, Workday boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Workday is holding a Forward P/E ratio of 17.8. This expresses a discount compared to the average Forward P/E of 20.47 of its industry.
It is also worth noting that WDAY currently has a PEG ratio of 0.95. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.28.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.