Alert: New Earnings Report (8/22/24)-Workday Inc (NASDAQ: WDAY).

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For its second fiscal quarter (ending July 31), Workday Inc (NASDAQ: WDAY) has reported E.P.S. of $0.50 compared to $0.30 a year ago. E.P.S. were $5.85 for the latest four quarters through July 31 versus $-0.48 for the same period a year ago.

Recent Price Action

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On 8/22/24, Workday Inc (NASDAQ: WDAY) stock declined modestly by -1.0%, closing at $231.08. Moreover, trading volume in this decline was exceptionally high at 234% of normal. The stock has risen 3.7% during the last week but has been weak relative to the market over the last nine months.

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 F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Workday has a slightly negative Appreciation Score of 36 and a poor Power Rating of 24, and the Lowest Value Trend Rating results.

Rating Review

In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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