What To Expect From Workday Earnings Today


Workday
WDAY
is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $307.81/share in 2021 and is currently trading near $236/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

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Earnings Preview

The company is expected to report a gain of $1.41/share on $1.85 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $1.50/share. The Whisper number is the Street’s unofficial view on earnings.

A Closer Look At The Fundamentals

The company’s earnings have steadily grown in recent years which is very attractive to growth investors. Looking forward, the growth is likely to continue. The Street believes the company will grow its earnings by 54% in 2024 compared to 2023 and then grow by another 17% in 2025 compared to 2024! That’s very impressive growth in this environment.

A Closer Look At The Technicals

Technically, the stock is acting well and is only 6.6% below its 52-week high (not its record high). The stock is tracing out a big and bullish cup pattern and a breakout above $240-252 will be bullish.

Pay Attention To How The Stock Reacts To The News

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

Disclaimer: The stock has been featured in my FindLeadingStocks.com stock market membership website.



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