Workday Shares Drop 1.83% with Feb. 24 EPS Forecast of $2.30
Workday shares fell 1.83% yesterday, extending a 22.23% loss to date that far outpaces the 3.36% drop in the Computer and Technology sector. Investors await Feb. 24 earnings with consensus EPS of $2.30 (+19.8%) and $2.52 billion revenue (+14.1%), while forward P/E of 13.49 and PEG of 0.62 suggest discounts.
1. Recent Trading Performance
Workday shares fell 1.83% in the latest session, lagging the S&P 500's 0.28% drop and the Computer and Technology sector's 3.36% loss. Prior to this session, the stock had declined 22.23%, underperforming both sector and market returns.
2. Upcoming Earnings Outlook
Earnings are scheduled for February 24, with consensus estimates projecting an EPS of $2.30, a 19.8% year-over-year increase, and revenue of $2.52 billion, up 14.1%. Full-year forecasts call for $9.07 earnings per share (+24.3%) on $9.54 billion in revenue (+13.0%).
3. Valuation Metrics
The forward price-to-earnings ratio stands at 13.49 versus an industry average of 19.62, and the PEG ratio is 0.62 compared to a peer average of 1.10, indicating potential valuation discounts relative to growth expectations.