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Markets Mostly Flat; Big Afternoon for Earnings: WDAY, DECK, INTU & More
WDAYWorkday(WDAY) ZACKS·2025-05-22 23:00

Market Overview - Market indexes showed resilience against high bond yields, with the 30-year bond yield at +5.05%, the highest in 18 years, but moderated from previous spikes [1] - Major indexes finished flat, with the Dow, S&P 500, and Russell 2000 remaining unchanged, while the Nasdaq closed up +53 points (+0.28%) [2] - Despite being in the red over the past five trading days, the indexes have seen double-digit gains over the past month [2] Quarterly Earnings Summary - Workday (WDAY): Reported Q1 earnings of 2.23pershareon2.23 per share on 2.4 billion in sales, beating previous figures of 1.99pershareand1.99 per share and 2.22 billion. However, shares fell -5% due to steady guidance and reduced capex spending [3] - Deckers Outdoor (DECK): Earnings of 1.00pershareexceededtheZacksconsensusof57cents,withrevenuesof1.00 per share exceeded the Zacks consensus of 57 cents, with revenues of 1.02 billion surpassing expectations of 988.6million.Sharesdropped11988.6 million. Shares dropped -11% due to lower-than-expected guidance for the current quarter and full-year guidance held back due to tariff issues [3] - **Intuit (INTU)**: Surpassed earnings expectations with 11.65 per share against a consensus of 10.89,andrevenuesof10.89, and revenues of 7.75 billion exceeding the 7.54billionforecast.Sharesrose+57.54 billion forecast. Shares rose +5% following a significant increase in next-quarter guidance driven by Credit Karma growth [4] - **Ross Stores (ROST)**: Beat earnings estimates by 4 cents with 1.47 per share on 4.98billioninrevenues,slightlyaboveconsensus.Samestoresaleswereflatbutimprovedfromaprojecteddecline.Sharesfell94.98 billion in revenues, slightly above consensus. Same-store sales were flat but improved from a projected decline. Shares fell -9% due to lower next-quarter earnings guidance attributed to tariff pressures [5] - **AutoDesk (ADSK)**: Reported Q1 earnings of 2.29 per share, beating the anticipated 2.14,withrevenuesof2.14, with revenues of 1.63 billion slightly above the forecast of $1.61 billion. Shares gained +5% due to positive next-quarter guidance [6]