Post-earnings recap
Reported
Thu, May 21, 2026
EPS actual
$2.66
EPS est.
$1.17
EPS surprise
+126.96%
1-day move
-3.76%
Workday reported a strong earnings per share, significantly beating expectations. However, the stock fell by 3.76% in reaction to the earnings report, indicating that investors may have been disappointed by the lack of revenue information or guidance. The absence of management commentary could also contribute to uncertainty among investors.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.66 | $2.52 | +126.96% |
| Revenue | N/A | $2.5B | N/A |
No transcript is on record, and the analysis is based solely on numerical results.
Workday, Inc. is a leading provider of cloud-based software for finance and human resources. As businesses increasingly shift to digital solutions, Workday's offerings are critical for companies looking to streamline operations and improve efficiency in managing their workforce and finances.
Last quarter
In the last quarter, Workday reported an impressive EPS of $2.47, significantly surpassing analyst expectations. The stock reacted positively, gaining 0.79% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+175.61%
Avg 1-day reaction
+0.17%
Analysts are generally optimistic about Workday's upcoming earnings, expecting another strong performance based on historical trends.
Bull case
If Workday beats EPS estimates again, it could signal strong operational efficiency and continued demand for its services, potentially driving the stock higher.
Bear case
Conversely, if the company fails to meet expectations, it may raise concerns about growth sustainability and market competition, leading to a potential stock decline.
Key metrics to watch
EPS
$2.52Earnings per share is a key indicator of profitability and will show how well Workday is managing costs and generating profit.
Revenue
$2.5BTotal revenue is crucial for assessing overall business growth and demand for Workday's services.
The print will turn on these.
Q1
Will Workday achieve an EPS of at least $2.52?
This figure is crucial as it reflects the company's profitability and operational efficiency, which investors are closely watching.
Q2
What insights can management provide on revenue growth trends?
Understanding revenue growth will help gauge demand for Workday's services and its competitive position in the market.
—
Est. EPS
$0.20
Est. Rev
$410M
Impl. Move
±9.9%
Why consensus could be wrong
The Street may underestimate Workday's ability to sustain high growth rates, given its recent strong performance and market position.
Supporting evidence
Workday has consistently beaten EPS estimates in the past quarters, indicating strong operational execution.
The options market is pricing a larger move than historical averages, suggesting heightened expectations.
Insider selling may indicate confidence in the company's long-term prospects despite short-term fluctuations.
Key risk
If the EPS comes in below $2.24, it could signal deeper issues with growth and profitability.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it will indicate whether Workday can maintain its growth trajectory amidst increasing competition.
Bull confirmed if
An EPS of $2.52 or higher would confirm the bull case, indicating strong operational performance.
Bear confirmed if
An EPS below $2.24 would support the bear case, raising concerns about growth sustainability.
What the market is pricing for the move.
Implied Move
±10.43%
Historical Avg
±1.7%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.
Options are pricing ±10.4% while WDAY has averaged ±1.7% over the last 8 prints — setup is pricing rich.
ATM IV
2.5%
30d HV
53.5%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$58.3M
310,748 sh
4 insiders
Net
$58.3M
Net selling
Most Active Insiders· 41 open-market trades
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Workday beats expectations, history suggests a potential stock increase of around 0.38%, confirming strong operational performance.
In line / cautious
If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.
Miss
Should Workday miss expectations, the stock could decline, with historical data suggesting an average drop of 0.38% following a miss.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
3
1 buy·2 sells
Members
1
House only
Est. Notional
$31,003.00–$115,000.00
disclosed dollar ranges
Most Active Members
3 trades
The lines on the call that would change the story.
$55.7M
Net selling
$1.1M
Net selling
$1.0M
Net selling
$511,080.38
Net selling
Recent Transactions
Oct 1, 2026 · @ $186.55
48,972 sh
$9.1M
Oct 6, 2026 · @ $186.66
45,984 sh
$8.6M
Sep 28, 2026 · @ $188.94
37,993 sh
$7.2M
Sep 28, 2026 · @ $188.13
23,779 sh
$4.5M
Sep 28, 2026 · @ $189.84
23,095 sh
$4.4M
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Mixed
Recent Transactions
Traded Aug 18, 2026 · disclosed Sep 10, 2026
$1,001.00–$15,000.00
Traded Jun 5, 2026 · disclosed Jul 2, 2026
$15,001.00–$50,000.00
Traded May 29, 2026 · disclosed Jun 8, 2026
$15,001.00–$50,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.