Recap: Workday Q3 Earnings
Portfolio Pulse from Benzinga Insights
Workday (NASDAQ:WDAY) reported Q3 earnings with an EPS of $1.53, beating estimates by 8.51% against the expected $1.41. Revenue increased by $267 million from the same period last year. The company's past earnings performance shows a consistent pattern of beating EPS estimates, which has previously led to a share price increase the following day.
November 28, 2023 | 9:15 pm
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Workday's Q3 earnings beat with an EPS of $1.53, exceeding estimates and showing a significant year-over-year revenue increase. Historical data suggests positive market reactions to such earnings beats.
Workday's earnings beat and revenue growth are strong indicators of the company's performance, which historically have led to an increase in share price the following day. Given the company's track record and the market's typical response to positive earnings reports, there is a high likelihood of a short-term positive impact on WDAY's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100