What to Expect From Workday’s Q1 Earnings?
<p>Oppenheimer analysts shared their preview on <a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday (NASDAQ:WDAY)</a> ahead of the upcoming Q1/24 earnings results, scheduled to be announced on Thursday. The analysts estimate Q1 total revenue of approximately $1.67 billion (up 16% year-over-year) and $1.08 in EPS.</p>
<p>According to the analysts, Workday is likely to show Q1 results above a low bar, especially for subscription backlog revenue this quarter, and moderating demand trends from some degradation to the business environment. </p>
<p>According to the analysts, management did a good job navigating a tough macro in Q1, and though the business will likely show moderating growth, they expect a modest upside to the results and guidance. The analysts reiterated their Outperform rating and $220 price target.</p>

NASDAQ:WDAY