Workday Inc (NASDAQ: WDAY) has reported E.P.S. of $0.43 for its third fiscal quarter (ending October 31) versus $-0.29 for the same period a year ago. For the latest four quarters through October 31, E.P.S. were $0.25 versus $-1.24 for the same period a year ago.
Recent Price Action
Workday Inc (NASDAQ: WDAY) stock rose modestly by 0.6% on 11/28/23. The stock closed at $237.33. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WDAY is expected to continue to be a major Value Builder.
Workday has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Workday has a poor Appreciation Score of 20 but a very high Power Rating of 87, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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