Workday Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Workday, Inc. WDAY is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 22.

Analysts expect the Pleasanton, California-based company to report quarterly earnings at $1.65 per share, up from $1.43 per share in the year-ago period. Workday is projected to report quarterly revenue of $2.07 billion, according to data from Benzinga Pro.

On Aug. 21, Axonify signed a partnership agreement with Workday.

Workday shares gained 0.5% to close at $233.51 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.

• Evercore ISI Group analyst Kirk Materne maintained an Outperform rating and cut the price target from $300 to $290 on Aug. 20. This analyst has an accuracy rate of 69%.
• B of A Securities analyst Brad Sills maintained a Buy rating and cut the price target from $275 to $265 on Aug. 15. This analyst has an accuracy rate of 78%.
• Piper Sandler analyst Brent Bracelin maintained an Overweight rating and cut the price target from $280 to $262 on July 12. This analyst has an accuracy rate of 73%.
• Bernstein analyst Mark Moerdler maintained an Outperform rating and slashed the price target from $321 to $301 on May 24. This analyst has an accuracy rate of 71%.
• Loop Capital analyst Yun Kim maintained a Hold rating and cut the price target from $280 to $240 on May 24. This analyst has an accuracy rate of 80%.

Considering buying WDAY stock? Here’s what analysts think:

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