Workday Inc (NASDAQ: WDAY) has reported earnings for its first fiscal quarter (ending April 30) of $0.40 versus $0.00 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $5.65 compared to $-1.03 a year ago.
Recent Price Action
On 5/23/24, Workday Inc (NASDAQ: WDAY) stock rose modestly by 0.4%, closing at $260.90. Moreover, exceptionally high trading volume at 237% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WDAY is expected to continue to be an important Value Builder.
Workday has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Workday has a slightly negative Appreciation Score of 31 but a good Power Rating of 70, triggering 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.
Be the first to comment