In the latest trading session, Workday (WDAY) closed at $204.99, marking a +1.84% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.45%, and the Nasdaq, a tech-heavy index, added 1.13%.Coming into today, shares of the maker of human resources software had gained 2.8% in the past month. In that same time, the Computer and Technology sector lost 4.08%, while the S&P 500 lost 2.34%.Wall Street will be looking for positivity from WDAY as it approaches its next earnings report date. This is expected to be May 28, 2019. In that report, analysts expect WDAY to post earnings of $0.41 per share. This would mark year-over-year growth of 24.24%. Meanwhile, our latest consensus estimate is calling for revenue of $814.68 million, up 31.69% from the prior-year quarter.WDAY's full-year Zacks Consensus Estimates are calling for earnings of $1.66 per share and revenue of $3.55 billion. These results would represent year-over-year changes of +22.06% and +25.88%, respectively.Investors might also notice recent changes to analyst estimates for WDAY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. WDAY is currently sporting a Zacks Rank of #3 (Hold).Looking at its valuation, WDAY is holding a Forward P/E ratio of 121.42. For comparison, its industry has an average Forward P/E of 59.12, which means WDAY is trading at a premium to the group.It is also worth noting that WDAY currently has a PEG ratio of 4.62. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 3.11 based on yesterday's closing prices.The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Workday, Inc. (WDAY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research