From StockStory:

Workday (NASDAQ:WDAY) is set to report earnings after market close. Last quarter, the company saw revenues of $1.87 billion, up 16.7% year-on-year, beating analyst expectations. This quarter, analysts expect revenue to grow by 16.4% to $1.92 billion. Workday has a history of exceeding Wall St’s expectations and raised its full-year outlook for subscription revenue and non-GAAP operating margin. Despite inflation affecting stock prices, Workday shares are up 3% in the last month. Analysts have a price target of $301.1 for the company.

Some of Workday’s peers in the finance and HR software segment, such as Bill.com and Paycor, have already reported Q4 earnings with mixed results. Bill.com saw a 22.5% increase in revenue, beating estimates, while Paycor reported a 20.1% revenue increase, also exceeding estimates. Workday is heading into earnings with analyst expectations and a solid financial outlook. Thematic investing is a rising trend, with potential growth stories like Microsoft, Coca-Cola, and others benefiting from megatrends. Investors should consider all factors and opportunities before making any decisions.



Read more at StockStory: Workday (WDAY) Reports Earnings Tomorrow. What To Expect