Workday (WDAY - Free Report) closed the most recent trading day at $143.66, moving -0.94% from the previous trading session. This change lagged the S&P 500's 0.19% gain on the day. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.27%.
Heading into today, shares of the maker of human resources software had gained 6.15% over the past month, outpacing the Computer and Technology sector's loss of 0.52% and the S&P 500's gain of 0.74% in that time.
WDAY will be looking to display strength as it nears its next earnings release, which is expected to be December 5, 2018. The company is expected to report EPS of $0.17, down 29.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $717.05 million, up 29.11% from the year-ago period.
WDAY's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $2.76 billion. These results would represent year-over-year changes of +5.83% and +28.7%, respectively.
Investors should also note any recent changes to analyst estimates for WDAY. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 5.38% lower within the past month. WDAY is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.