Workday (NASDAQ:WDAY) concluded the most recent trading session at $211.46, experiencing a slight dip of 0.12%. However, over the past month, the company has showcased remarkable resilience, with a 2.13% uptick. This positive momentum has notably outperformed the broader Computer and Technology sector while defying the S&P 500’s losses during the same timeframe.
Looking ahead to its impending earnings release, Workday is anticipated to report robust earnings-per-share (EPS) growth of 26.26%, amounting to $1.25, alongside a noteworthy revenue increase of 15.33%, reaching $1.84 billion. For the full year, Zacks Consensus Estimates project earnings of $5.58 per share and revenue of $7.22 billion, reflecting substantial year-over-year changes of +53.3% and +16.14%, respectively.
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Key Financial Insights
Based on real-time data provided by InvestingPro, Workday (NASDAQ:WDAY) boasts a market capitalization of $55.4 billion. Despite an ostensibly negative Price-to-Earnings (P/E) ratio of -447.45, the company has demonstrated a robust revenue growth rate of 18.38% over the past twelve months, as of Q2 2024. Additionally, Workday maintains a healthy Gross Profit Margin of 73.87%.
InvestingPro Tips bring to light that Workday carries more cash than debt on its balance sheet and possesses liquid assets that exceed short-term obligations, underscoring its strong financial position. While profitability eluded the company over the last twelve months, industry analysts predict a reversal of fortune in the current year. However, potential investors should note that Workday does not distribute dividends to its shareholders.
These insights offer a glimpse into the extensive range of information available on InvestingPro. Investors can delve deeper into Workday’s financial performance and valuation with the inclusion of eight more InvestingPro Tips. For a comprehensive understanding of your investments, we encourage you to explore InvestingPro.
