Workday Earnings: Here’s Why the Stock is Down Now

Workday (NYSE:WDAY) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.99%.

Workday Earnings Cheat Sheet

Revenue: Rose 71.61% to $107.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Workday reported adjusted EPS loss of $0.13 per share. By that measure, the company beat the mean analyst estimate of $-0.18. It beat the average revenue estimate of $100.5 million.

Quoting Management: “Workday continues to be well positioned for strong growth as a leader in cloud applications for human capital management and financial management,” said Aneel Bhusri, chairman, co-founder, and co-CEO, Workday. “We continue to execute well as we expand our global operations and new product initiatives. Workday’s pace of innovation and very high levels of customer and employee satisfaction are important contributors to our growth.”

Key Stats (on next page)…

Revenue increased 17.4% from $91.65 million in the previous quarter. EPS increased to $-0.13 in the quarter versus EPS of $-0.15 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.19 and has not changed. For the current year, the average estimate is a loss of $0.71, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]