NEW YORK (TheStreet) -- Shares of Workday Inc  (WDAY) are down 0.42% to $91.79 in early market trading Tuesday, ahead of the enterprise cloud app provider's first quarter earnings release, due out after the closing bell later today.

Analysts expect the company to narrow its loss and show a more than 50% growth in sales compared to the same quarter of last year. 

For the first quarter, Wall Street projects a loss of 8 cents a share on revenue of $245 million, according to analysts surveyed by Thomson Reuters.

In the same quarter a year ago, Workday posted a loss of 13 cents per share on revenue of $160 million.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says Workday is a very expensive stock that's doing pretty well.

"They are doing incredibly well, moving aggressively into the vertical for human capital management and also getting into the financial side," Cramer said in a video.

He added that Workday should be strong and offer positive pin action for other cloud stocks when it reports its earnings results.

Pleasanton, Calif.-based Workday is a provider of enterprise cloud applications for global human resources and finance. The company delivers human capital management, financial management, and analytics applications designed for organizations.

The company provides its customers the applications to manage critical business functions for their financial and human capital resources.

Separately, TheStreet Ratings team rates WORKDAY INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

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