These Analysts Revise Their Forecasts On Workday After Q4 Results
Portfolio Pulse from Avi Kapoor
Workday, Inc. (NASDAQ:WDAY) reported Q4 earnings of $1.57 per share, beating estimates by 6.8%, with sales of $1.92 billion, a 16.77% increase year-over-year. The company announced the acquisition of HiredScore, reiterated its FY2025 subscription revenue guidance of $7.725 to $7.775 billion, and expects a non-GAAP operating margin of approximately 24.5%. Following the report, analysts adjusted their price targets on WDAY, with changes ranging from a decrease to an increase, reflecting a mixed outlook.
February 27, 2024 | 5:57 pm
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Workday reported strong Q4 earnings and sales, announced the acquisition of HiredScore, and reiterated positive FY2025 guidance. Analysts' revised price targets show a mixed but generally positive outlook.
The positive earnings report and sales growth, along with the strategic acquisition of HiredScore, signal strong business momentum for Workday. The mixed adjustments in analyst price targets, however, suggest some caution among investors, potentially due to the stock's post-earnings dip. Overall, the strong financial performance and positive outlook are likely to support a positive short-term impact on WDAY's stock price, despite the initial negative reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100