Here's What to Expect From Workday's Next Earnings Report

With a market cap of $57.8 billion, Workday, Inc. (WDAY) provides enterprise cloud applications in the United States and internationally. Headquartered in Pleasanton, California, the company offers a suite of financial management applications to maintain accounting information; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights, and more. WDAY is set to report its Q1 earnings on Thursday, May 22.

Ahead of the event, analysts expect WDAY to report an EPS of $0.69 per share, up 35.3% from a profit of $0.51 per share reported in the year-ago quarter. It has exceeded or met analysts' earnings estimates in two of the past four quarters, while missing on two other occasions. Its EPS of $0.48 in the recent quarter failed to surpass the analyst estimates by 18.6%.