What to Expect From Workday’s Upcoming Q3 Results?
<p>Oppenheimer analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday, Inc. (NASDAQ:WDAY)</a> ahead of the upcoming Q3 earnings, scheduled to be announced on Nov 29.</p>
<p>The analysts detected healthy lead generation and installed base activity offset by elongating new customer deal cycles and tough growth optics from the effects of difficult year-over-year comparisons.</p>
<p>The analysts estimate Q3 total revenue of approximately $1.58 billion (up 19% year-over-year) and $0.83 in EPS. Their research mosaic (field checks, surveys, and company-specific data), combined with a tough set-up for subscription backlog billings growth, points to a positive outcome for Workday's margin growth story and below-consensus guidance for Q1/2024, consistent with Street expectations.</p>
<p>The analysts lowered their fiscal 2024 and 2025 revenue estimates to $7.3 billion and $8.5 billion from $7.4 billion and $8.7 billion, respectively. Their 2024/2025 EPS estimates were lowered to $4.38/$5.44 from $4.47/$5.58 to reflect the increasing macro uncertainty, and a more adverse FX impact subsequent to guidance.</p>

NASDAQ:WDAY