Workday Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Workday, Inc WDAY is expected to report financial results for its fiscal 2024 second quarter, after the closing bell on Aug. 24, 2023.

Analysts expect the company to post quarterly earnings at $1.26 per share, up from year-ago earnings of 83 cents per share. The company’s revenue might come in at $1.77 billion, compared to $1.54 billion in the year-ago period.

Workday shares rose 1.8% to close at $230.22 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• B of A Securities analyst Brad Sills maintained a Buy rating and raised the price target from $250 to $275 on Aug. 17, 2023. This analyst has an accuracy rate of 78%.
• UBS analyst Karl Keirstead maintained a Neutral rating and increased the price target from $220 to $240 on Aug. 17, 2023. This analyst has an accuracy rate of 74%.
• Oppenheimer analyst Brian Schwartz maintained an Outperform rating and boosted the price target from $240 to $255 on Aug. 17, 2023. This analyst has an accuracy rate of 72%.
• Jefferies analyst Brent Thill maintained a Buy rating and increased the price target from $250 to $275 on Aug. 15, 2023. This analyst has an accuracy rate of 74%.
• Piper Sandler analyst Brent Bracelin maintained an Overweight rating and raised the price target from $247 to $280 on July 31, 2023. This analyst has an accuracy rate of 74%.

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