Dayforce Inc expected to post earnings of 32 cents a share - Earnings Preview

Dayforce

05/02/2024 13:33

* Dayforce Inc  DAY.N   DAY  is expected to show a rise in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Minneapolis Minnesota-based  company is expected to
report a
18.9% increase in revenue to $399.713 million from $336.1
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data.The company's guidance on November
1 2023, for the period ended December 31, was for revenue
between $398.00 million and $401.00 million.
    * ​LSEG's mean analyst estimate for Dayforce Inc is for
earnings
of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Dayforce
Inc is
$75.00​, above​ its last closing price of $71.42. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD398 million and
USD99 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.30        0.30       0.37      Beat    25.1
 Jun. 30 2023  0.30        0.29       0.32      Beat    9.3
 Mar. 31 2023  0.32        0.31       0.31      Met     -1.3​
 Dec. 31 2022  0.12        0.12       0.23      Beat    91.2
 ​​Sep.        0.13        0.12       0.20      Beat    61.9
 30 2022                                                
 Jun. 30 2022  0.10        0.10       0.21      Beat    110​
 Mar. 31 2022  0.08        0.08       0.13      Beat    61.2
 Dec. 31 2021  0.03        0.03       0.06      Beat    89.3
 This summary was machine generated February 5 at 13:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)