From Nasdaq: 2024-11-08 17:45:12

In the latest trading session, Workday (WDAY) closed at $256.54, down -0.56% from the previous day, underperforming the S&P 500. The company’s stock has gained 5.23% in the past month, below the sector’s 7.11% increase. Workday’s upcoming earnings report on November 26, 2024, projects an EPS of $1.72 and revenue of $2.13 billion, both showing positive growth.

Analysts are closely monitoring Workday’s performance, with earnings expected to increase by 12.42% year-over-year. The company’s full-year projections include earnings of $6.97 per share and revenue of $8.39 billion, reflecting positive year-over-year changes in both. Workday currently holds a Zacks Rank of #2 (Buy) and investors can expect short-term stock price impacts from analyst estimate changes.

At present, Workday is trading at a Forward P/E ratio of 37.03, higher than the industry average. The company’s PEG ratio of 1.76 indicates a premium relative to its projected earnings growth. The Internet – Software industry, where Workday operates, ranks in the top 24% of all industries. Investors should monitor Zacks.com for stock-impacting metrics and industry trends in the upcoming trading sessions.

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Read more at Nasdaq: Workday (WDAY) Stock Sinks As Market Gains: What You Should Know