- Workday's robust Q1 results: Non-GAAP EPS outpaces predictions by $0.22.
- Revenue surge: Climbed 12.6% year-over-year, topping expectations.
- Strong subscription backlog: A significant 15.6% increase to $7.63 billion.
Workday (WDAY, Financial) has delivered an impressive performance in Q1, highlighted by a non-GAAP EPS of $2.23, exceeding analyst estimates by $0.22. The company's revenue reached a remarkable $2.24 billion, reflecting a 12.6% year-over-year growth and surpassing forecasted figures by $20 million. Notably, Workday's 12-month subscription backlog soared to $7.63 billion, a significant 15.6% increase compared to the previous year, showcasing strong forward momentum.
Wall Street Analysts Forecast
According to the one-year price targets from 35 analysts, the average target price for Workday Inc (WDAY, Financial) stands at $300.97, with a high forecast of $348.00 and a low of $230.00. This average target suggests a potential upside of 10.62% from the current price of $272.07. For a deeper dive into these estimates, visit the Workday Inc (WDAY) Forecast page.
The consensus from 41 brokerage firms positions Workday Inc's (WDAY, Financial) average recommendation at 2.1, implying an "Outperform" status. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), indicating a positive outlook from the analysts.
Furthermore, GuruFocus estimates the GF Value for Workday Inc (WDAY, Financial) in the coming year to be $306.16, representing a potential upside of 12.53% from the current price of $272.07. The GF Value is GuruFocus' assessment of the fair market value for the stock, derived from historical trading multiples, past business growth, and future performance projections. For more in-depth analysis, visit the Workday Inc (WDAY) Summary page.
