Workday (WDAY, $168.96) fiscal Q1 earnings miss analysts' expectations
Workday reported its quarterly earnings that missed analysts’ expectations.
The software company’s earnings for the quarter came in at $0.83 per share, falling short of analysts’ consensus estimates of $0.85.
Revenue rose +22.1% from the year-ago quarter to $1.43 billion during the quarter, vs. consensus estimate of $1.43 billion.
Looking ahead, Workday projected an adjusted operating margin of 17.5% on revenue of $1.517 billion to $1.519 billion for its fiscal second quarter of 2023. For the full fiscal year 2023, the company is expecting revenue of $6.187 billion to $6.2 billion.
Workday’s outlook for subscription revenue is $1.353 billion to $1.355 billion in its second quarter and $4.537 billion to $5.557 billion for the full year, thereby implying + 22% year-over-year growth for both.
WDAY in upward trend: 10-day moving average crossed above 50-day moving average on November 11, 2024
The 10-day moving average for WDAY crossed bullishly above the 50-day moving average on November 11, 2024. 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 09, 2024. You may want to consider a long position or call options on WDAY as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for WDAY just turned positive on December 09, 2024. Looking at past instances where WDAY's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
WDAY moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for WDAY moved above the 200-day moving average on November 25, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WDAY advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for WDAY moved out of overbought territory on November 15, 2024. 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 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where WDAY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
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 December 09, 2024. 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 Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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 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 87, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (8.905) is normal, around the industry mean (30.997). P/E Ratio (52.292) is within average values for comparable stocks, (160.694). Projected Growth (PEG Ratio) (2.403) is also within normal values, averaging (2.755). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (9.960) is also within normal values, averaging (57.985).
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.
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a provider of software based enterprise business solutions
Industry PackagedSoftware