Drexel Hamilton reiterated a Buy rating and $92.00 price target on Workday (NYSE: WDAY) ahead of the company's 2Q earnings report. Workday will report its earnings results today (8/24) with a conference call scheduled for 5:00 pm ET.

Analyst Brian White commented, "We believe Workday will slightly exceed our 2Q:FY17 revenue estimate of $372.5 million (up 32% YoY; Street is at $373.1 million) and meet our loss per share estimate of $0.02 (Street is at negative $0.02). Recall, Workday's 2Q:FY17 outlook calls for sales of $371-373 million. Our 2Q:FY17 revenue forecast calls for 8% QoQ growth and below the four year average increase of 14% for past July quarters."

For an analyst ratings summary and ratings history on Workday click here. For more ratings news on Workday click here.

Shares of Workday closed at $79.95 yesterday.

Analyst Comments

Brean Capital Raises Price Target on Workday (WDAY) to $62; Reiterates Sell August 25, 2016 9:56 AM UBS Reiterates Buy on Workday (WDAY) Following Mixed 2Q Results August 25, 2016 8:26 AM Jefferies Raises Price Target on Workday (WDAY) to $72 Following Mixed 2Q August 25, 2016 8:13 AM Wedbush Reiterates Underperform on Workday (WDAY) Following Solid 2Q August 25, 2016 7:37 AM Piper Jaffray Raises Price Target on Workday (WDAY) to $80.00 Following 2Q Report August 25, 2016 7:29 AM Workday (WDAY) August weekly volatility elevated into Q2 and outlookAugust 23, 2016 3:33 PM Oppenheimer Remains Bullish on Workday (WDAY) Ahead of 2Q Report August 23, 2016 9:09 AM Notable Analyst Rating Changes 8/22: (BRX) (HRL) (VNCE) Upgraded; (RLYP) (WDAY) (TRNO) DowngradedAugust 22, 2016 10:27 AM Pre-Open Stock Movers 08/22: (CIFC) (ISIL) (MDVN) Higher; (STRP) (MRO) (WDAY) Lower (more...)August 22, 2016 9:20 AM Needham & Company Downgrades Workday (WDAY) to Hold Amid Cautious Industry ChecksAugust 22, 2016 7:33 AM