Workday posted its fiscal Q3 quarterly adjusted earnings of $0.99 per share, which exceeded the Zacks Consensus Estimate of $0.84 per share. Earnings were $1.10 per share a year ago (according to Zacks Equity Research).
Revenues came in at $1.6 billion for the quarter (rising from $1.33 billion a year ago), beating the Zacks Consensus Estimate by 1.18%. Subscription revenue climbed +22% to $1.43 billion from a year ago (according to Zacks Equity Research).
The human capital management company boosted the low end of fiscal 2023 subscription revenue guidance to a range of $5.555 billion to $5.557 billion, or 22% growth. It also raised its fiscal 2023 non-GAAP operating margin guidance to 19.2%.
WDAY saw its Momentum Indicator move above the 0 level on May 16, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 100 similar instances where the indicator turned positive. In of the 100 cases, the stock moved higher in the following days. The odds of a move higher are at .
The Moving Average Convergence Divergence (MACD) for WDAY just turned positive on May 16, 2023. Looking at past instances where WDAY's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .
WDAY moved above its 50-day moving average on May 18, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for WDAY crossed bullishly above the 50-day moving average on May 25, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where WDAY advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for WDAY moved out of overbought territory on May 30, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WDAY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
WDAY broke above its upper Bollinger Band on May 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for WDAY entered a downward trend on May 17, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WDAY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.183) is normal, around the industry mean (31.306). WDAY has a moderately high P/E Ratio (1428.571) as compared to the industry average of (168.128). Projected Growth (PEG Ratio) (1.557) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (8.319) is also within normal values, averaging (70.523).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of software based enterprise business solutions
A.I.dvisor indicates that over the last year, WDAY has been closely correlated with CDAY. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if WDAY jumps, then CDAY could also see price increases.
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|GWRE - WDAY|
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