For its fourth fiscal quarter (ending January 31), Workday Inc (NASDAQ: WDAY) has reported E.P.S. of $4.52 compared to $-0.49 a year ago. Relative to the consensus estimate of $1.47, this was a premium of $3.06. For the latest four quarters through January 31, E.P.S. were $5.28 versus $-1.44 for the same period a year ago.
Recent Price Action
Workday Inc (NASDAQ: WDAY) stock closed at $307.21 on 2/26/24 after a modest gain of 0.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 327% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WDAY is expected to continue to be a major Value Builder.
Workday has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Workday has a poor Appreciation Score of 19 but a very high Power Rating of 90, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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