These Analysts Cut Their Forecasts On Workday After Q1 Results
Portfolio Pulse from Avi Kapoor
Workday, Inc. (NASDAQ:WDAY) reported strong Q1 earnings, beating analyst estimates with $1.74 per share and $1.99 billion in sales. Despite this, the company lowered its forward guidance, leading several analysts to cut their price targets. Workday shares rose slightly by 0.4% to $260.90.
May 24, 2024 | 11:37 am
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Workday reported strong Q1 earnings, beating estimates with $1.74 per share and $1.99 billion in sales. However, the company lowered its forward guidance, leading analysts to cut their price targets. Shares rose 0.4% to $260.90.
While Workday's Q1 earnings were strong, the lowered forward guidance has led analysts to cut their price targets. This mixed news has resulted in a neutral short-term impact on the stock price.
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