Thinknum Alternative Data
Request Demo
Thinknum Login
Questions answered using Thinknum

Fundamental Investors

How many cars has Carmax sold this week compared to the same week last year?

How is foot traffic at Chipotle changing YoY?

What are the industrial companies that are growing and hiring the most?

Quantitative Analysts

How are the number of Twitter followers a leading indicator for company performance?

How are the number of LinkedIn employees a leading indicator for company performance?

Business Inteligence

Which private companies are getting their products picked up by major retailers?

Which private healthcare companies are hiring the most?

Which tech startups are getting the largest increase in mobile app downloads?

Join the investment community and start your week with market insights seen through the lens of alternative web data.

Workday hiring data slides along with its stock

1 week ago by Jon Marino in Earnings

Workday ($NASDAQ:WDAY) stock is well off its 2019 highs, but still up about 8% as we head into its earnings report and final month of the year. The company will report earnings December 3 and analysts tracked by Zacks Investment Research are looking for an EPS loss of -$0.38, an improvement over last year. 

The California-based cloud enterprise company has a Bank of America Merrill Lynch (or BAML) analyst in its corner, touting growth prospects and hitching a bullish price target to the company. "Our conversations with channel partners indicate healthy business trends," the BAML note dated November 27 said, adding "Workday should report solid 3Q FY20 results on Dec. 3." 

If Workday is to make a rebound, it should start showing up in the job postings - which have slipped 34% over about the same time its stock fell more than 20% this year. 

Engineer job postings, in particular, are down at Workday as well. The chart above tracks this role over time, which decreased over 53%, making up for the majority of the postings being eliminated online. 

The BAML report cheerily notes that "the only 'negative' feedback we heard was that Workday is starting to see some unhappy customers (though none have shown desire to leave the platform) as some enterprise customers are requiring more complex deployments," but, it sure seems like this would be a problem easily resolved with more - and not fewer - engineers. 

About the Data: 

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

Join the businesses who have begun to edge out competitors by scouring the web for alternative data.

Request demo
Ready for a personalized tour?

Jon Marino

Jon Marino is Thinknum's finance editor, covering the impacts of alternative data on public companies and investors. Prior to joining Thinknum, Jon worked in the ...

Request a demo

We would love to show you how Thinknum will benefit your investment process. To get started, fill out the form and we'll contact you shortly to schedule your demo.

Get Thinknum Media in your inbox

Start the day off with our Weekly Digest.