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NASDAQ:WDAY—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

By Mill Chart

Last update: Apr 30, 2024

In this article we will dive into WORKDAY INC-CLASS A (NASDAQ:WDAY) as a possible candidate for growth investing. Investors should always do their own research, but we noticed WORKDAY INC-CLASS A showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

Growth Analysis for NASDAQ:WDAY

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:WDAY has earned a 8 for growth:

  • The Earnings Per Share has grown by an impressive 60.44% over the past year.
  • Measured over the past years, WDAY shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.84% on average per year.
  • The Revenue has grown by 16.78% in the past year. This is quite good.
  • The Revenue has been growing by 20.80% on average over the past years. This is a very strong growth!
  • The Earnings Per Share is expected to grow by 22.36% on average over the next years. This is a very strong growth
  • WDAY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.38% yearly.

Exploring NASDAQ:WDAY's Health

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:WDAY has achieved a 5 out of 10:

  • WDAY has an Altman-Z score of 5.39. This indicates that WDAY is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of WDAY (5.39) is better than 72.63% of its industry peers.
  • WDAY has a debt to FCF ratio of 1.56. This is a very positive value and a sign of high solvency as it would only need 1.56 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 1.56, WDAY is doing good in the industry, outperforming 72.26% of the companies in the same industry.
  • A Debt/Equity ratio of 0.37 indicates that WDAY is not too dependend on debt financing.

Profitability Insights: NASDAQ:WDAY

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:WDAY, the assigned 6 is a significant indicator of profitability:

  • WDAY has a Return On Assets of 8.39%. This is amongst the best in the industry. WDAY outperforms 88.32% of its industry peers.
  • WDAY has a Return On Equity of 17.09%. This is amongst the best in the industry. WDAY outperforms 89.42% of its industry peers.
  • The Return On Invested Capital of WDAY (1.27%) is better than 71.17% of its industry peers.
  • WDAY has a better Profit Margin (19.02%) than 88.69% of its industry peers.
  • WDAY's Operating Margin of 2.52% is fine compared to the rest of the industry. WDAY outperforms 70.44% of its industry peers.
  • WDAY's Gross Margin of 75.60% is fine compared to the rest of the industry. WDAY outperforms 70.80% of its industry peers.

Looking at the Setup

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:WDAY is 7:

WDAY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 248.76, a Stop Loss order could be placed below this zone.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

Our latest full fundamental report of WDAY contains the most current fundamental analsysis.

For an up to date full technical analysis you can check the technical report of WDAY

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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WORKDAY INC-CLASS A

NASDAQ:WDAY (6/14/2024, 7:00:02 PM)

After market: 209.15 -0.33 (-0.16%)

209.48

+2.4 (+1.16%)

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