Workday, the maker of human resources software, has recently closed at $186.34, showing a +0.11% move from the previous day. While the stock outpaced the S&P 500’s daily loss, it’s crucial to examine the company’s overall performance and future outlook. In this article, we delve into Workday’s stock performance, upcoming earnings release, analyst estimates, and industry rankings to provide a comprehensive overview for investors.
Stock Performance and Analyst Estimates
Over the past month, Workday’s shares have experienced a decline of 9.88%. However, the Computer and Technology sector, to which it belongs, has seen a gain of 4.01% during the same period. Workday is expected to report earnings per share (EPS) of $1.10, reflecting a 32.53% increase from the prior-year quarter. Analysts estimate a revenue of $1.67 billion, indicating a 16.37% growth compared to the prior-year quarter. Workday’s full-year Zacks Consensus Estimates project earnings of $5.01 per share and revenue of $7.2 billion, which would represent year-over-year changes of +37.64% and +15.82%, respectively.
Zacks Rank and Valuation
Workday currently holds a Zacks Rank of #2 (Buy), indicating positive estimate revisions and analyst optimism. The Zacks Rank system has a proven track record of outperformance, with #1 stocks showing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate for Workday has increased by 9.91% within the past month. Additionally, the company’s valuation appears favorable, with a forward P/E ratio of 37.12, representing a discount compared to the industry average of 41.43. The PEG ratio, considering expected earnings growth, stands at 1.44.
Industry Ranking and Growth Potential
Within the Computer and Technology sector, the Internet – Software industry, to which Workday belongs, is ranked in the top 25% with a Zacks Industry Rank of 62. This suggests a positive outlook for the industry. Moreover, the article highlights the growing global demand for electric vehicles (EVs) and the profitability of the EV-related technology sector. The article urges readers to explore opportunities in the EV industry by downloading a free report on the top 5 EV stocks.
As an investor, staying informed about stock performance, analyst estimates, industry rankings, and growth potential is essential for making informed decisions. Workday’s upcoming earnings release and its position within the evolving technology and EV industries make it an interesting company to watch.
Disclaimer: This article provides general information and should not be considered as financial advice. Investors are advised to conduct thorough research and consult with a professional financial advisor before making any investment decisions.
Sure! Here are some frequently asked questions (FAQs) about the entities mentioned and the answers they provide:
1. **FAQ**: What is Workday and what kind of software do they make?
* **Answer**: Workday is a company that specializes in human resources software. They provide software solutions for various HR functions, including payroll, time tracking, talent management, and workforce planning.
2. **FAQ**: How is Workday’s stock performing in the market?
* **Answer**: Workday’s stock performance can vary over time. As of the latest trading session, the stock closed at $186.34, with a slight increase of +0.11% from the previous day. However, it’s important to track the stock’s performance regularly for up-to-date information.
3. **FAQ**: What are the notable characters played by Molly Shannon during her time on Saturday Night Live (SNL)?
* **Answer**: Molly Shannon portrayed several memorable characters on SNL. Some of her notable characters include Mary Katherine Gallagher, a Catholic school girl; Sally O’Malley, an energetic and flamboyant performer; and Helen Madden, the licensed joyologist. Additionally, she performed celebrity impersonations of Courtney Love and Elizabeth Taylor.
4. **FAQ**: How does the Zacks Rank system work for stock ratings?
* **Answer**: The Zacks Rank system is a rating system used to evaluate stocks. It ranks stocks from #1 (Strong Buy) to #5 (Strong Sell) based on their potential for outperformance. The ranking considers factors such as earnings estimates, earnings surprises, and changes in analyst recommendations. Historically, #1 ranked stocks have shown an average annual return of +25% since 1988.
5. **FAQ**: What is the Electric Vehicle (EV) industry and why is it growing?
* **Answer**: The Electric Vehicle (EV) industry refers to the production and development of electric cars and related technologies. The industry has been experiencing significant growth due to several factors, including increasing demand for environmentally friendly transportation, advancements in EV technology, government incentives and regulations promoting EV adoption, and a growing focus on reducing carbon emissions and dependence on fossil fuels.
Please note that the answers provided here are based on general knowledge and may not reflect the most recent or specific information. It’s always recommended to verify the information from reliable sources such as official company websites, financial publications, or news outlets.