Factors Setting The Tone For Workday (WDAY) Q3 Earnings
Zacks Investment Research | Nov 27, 2019 08:21PM ET
Workday, Inc. (NASDAQ:WDAY) is scheduled to report third-quarter fiscal 2020 results on Dec 3.
The Zacks Consensus Estimate for fiscal third-quarter revenues is currently pegged at $920.7 million, indicating a rise of 23.9% from the prior-year quarter’s figure.
The consensus mark for fiscal third-quarter earnings is pegged at 38 cents, which suggests a rally of 22.6% year over year.
Notably, the company surpassed the Zacks Consensus Estimate for earnings in the trailing four quarters, the average being 41.4%.
In the fiscal second quarter, the company reported non-GAAP earnings of 44 cent per share that beat the Zacks Consensus Estimate of 35 cents. Total revenues of $887.8 million surpassed the Zacks Consensus Estimate by 1.7%.
Factors Likely to Influence Q3 Results
Workday’s fiscal third-quarter performance is likely to have benefited from high demand for its HCM and financial management solutions. In fact, Workday’s HCM suite of applications indicates strong growth momentum driven by the transition of organizations to the cloud.
Moreover, growing clout of Workday Prism Analytics and Adaptive Insights business planning cloud offerings have been driving the company’s performance.
Workday, Inc. Price, Consensus and EPS Surprise
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