Subtext

Workday, Inc. WDAY

SectorInformation Technology
Transcripts24
Date range2019-05-28 – 2025-02-25
Calls charted24

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-20-10+0+10+202020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q1 · Overall: +9.92020 Q2 · Overall: +14.72020 Q3 · Overall: +10.02020 Q4 · Overall: +15.82021 Q1 · Overall: +4.62021 Q2 · Overall: +10.82021 Q3 · Overall: +9.42021 Q4 · Overall: +13.32022 Q1 · Overall: +12.92022 Q2 · Overall: +13.12022 Q3 · Overall: +17.42022 Q4 · Overall: +13.42023 Q1 · Overall: -0.32023 Q2 · Overall: +11.62023 Q3 · Overall: -4.42023 Q4 · Overall: +9.72024 Q1 · Overall: +8.52024 Q2 · Overall: +14.02024 Q3 · Overall: +11.42024 Q4 · Overall: +13.32025 Q1 · Overall: +5.42025 Q2 · Overall: +16.82025 Q3 · Overall: +12.92025 Q4 · Overall: +16.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-36-18+0+18+362020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q1 · CEO: +11.32020 Q2 · CEO: +19.72020 Q3 · CEO: +15.82020 Q4 · CEO: +30.92021 Q1 · CEO: +5.72021 Q2 · CEO: +18.22021 Q3 · CEO: +15.42021 Q4 · CEO: +18.32022 Q2 · CEO: +19.92023 Q4 · CEO: +24.82024 Q4 · CEO: +20.52025 Q1 · CEO: +12.02025 Q2 · CEO: +24.32025 Q3 · CEO: +17.62025 Q4 · CEO: +21.42020 Q2 · CFO: +4.62020 Q3 · CFO: +14.92020 Q4 · CFO: +15.02021 Q1 · CFO: +3.42021 Q2 · CFO: +13.02021 Q3 · CFO: +14.22021 Q4 · CFO: +10.22022 Q1 · CFO: +13.12022 Q2 · CFO: +21.32022 Q3 · CFO: +26.22022 Q4 · CFO: +14.22023 Q1 · CFO: +11.22023 Q2 · CFO: +14.92023 Q4 · CFO: +10.82024 Q1 · CFO: +12.02024 Q2 · CFO: +22.62024 Q3 · CFO: +14.02024 Q4 · CFO: +12.32025 Q1 · CFO: +14.82025 Q2 · CFO: +24.72025 Q3 · CFO: +15.42025 Q4 · CFO: +19.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-16+0+16+332020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q1 · Prepared remarks: +19.32020 Q2 · Prepared remarks: +19.62020 Q3 · Prepared remarks: +23.22020 Q4 · Prepared remarks: +25.62021 Q1 · Prepared remarks: +6.72021 Q2 · Prepared remarks: +21.82021 Q3 · Prepared remarks: +12.92021 Q4 · Prepared remarks: +18.02022 Q1 · Prepared remarks: +27.82022 Q2 · Prepared remarks: +28.32022 Q3 · Prepared remarks: +26.92022 Q4 · Prepared remarks: +21.22023 Q1 · Prepared remarks: -2.82023 Q2 · Prepared remarks: +20.82023 Q3 · Prepared remarks: +15.62023 Q4 · Prepared remarks: +18.32024 Q1 · Prepared remarks: +15.82024 Q2 · Prepared remarks: +18.42024 Q3 · Prepared remarks: +18.42024 Q4 · Prepared remarks: +19.42025 Q1 · Prepared remarks: +16.32025 Q2 · Prepared remarks: +23.72025 Q3 · Prepared remarks: +17.62025 Q4 · Prepared remarks: +16.62020 Q1 · Q&A responses: +11.22020 Q2 · Q&A responses: +15.82020 Q3 · Q&A responses: +10.22020 Q4 · Q&A responses: +22.02021 Q1 · Q&A responses: +5.32021 Q2 · Q&A responses: +10.82021 Q3 · Q&A responses: +14.82021 Q4 · Q&A responses: +14.72022 Q1 · Q&A responses: +10.42022 Q2 · Q&A responses: +11.42022 Q3 · Q&A responses: +20.82022 Q4 · Q&A responses: +16.62023 Q1 · Q&A responses: +14.22023 Q2 · Q&A responses: +13.82023 Q3 · Q&A responses: -4.72023 Q4 · Q&A responses: +10.82024 Q1 · Q&A responses: +9.02024 Q2 · Q&A responses: +17.52024 Q3 · Q&A responses: +12.82024 Q4 · Q&A responses: +15.12025 Q1 · Q&A responses: +7.12025 Q2 · Q&A responses: +23.02025 Q3 · Q&A responses: +14.62025 Q4 · Q&A responses: +21.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$6.75$7.57$8.392020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22024 Q1: $6.872024 Q2: $7.242024 Q3: $7.872024 Q4: $8.28

Forward P/E

27.8433.9840.132020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22024 Q1: 39.282024 Q2: 28.692024 Q3: 31.572024 Q4: 32.49

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2024 Q3 tone ↓ -2.6 fwd EPS ↑ +0.63 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q42025-02-25+16.1——View →
2025 Q32024-11-26+12.9——View →
2025 Q22024-08-22+16.8——View →
2025 Q12024-05-23+5.4——View →
2024 Q42024-02-26+13.3$8.2832.5View →
2024 Q32023-11-28+11.4$7.8731.6View →
2024 Q22023-08-24+14.0$7.2428.7View →
2024 Q12023-05-25+8.5$6.8739.3View →