Dayforce Inc expected to post earnings of 36 cents a share - Earnings Preview

Dayforce

29/07/2024 16:47

* Dayforce Inc  DAY.N   DAY  is expected to show a rise in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Minneapolis Minnesota-based  company is expected to
report a
14.1% increase in revenue to $417.542 million from $365.9
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$414.00 million and $419.00 million.
    * ​LSEG's mean analyst estimate for Dayforce Inc is for
earnings
of 36 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 9
"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
$68.00​, above​ its last closing price of $52.11. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD414 million and USD113 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  
 Mar. 31 2024  0.42        0.42       0.43      Beat    1.9
 Dec. 31 2024  0.33        0.32       0.50      Beat    54.4
 Jan. 1 0001   0.30        0.30       0.37      Beat    25.1​
 Jan. 1 0001   0.30        0.29       0.32      Beat    9.3
 ​​Mar.        0.32        0.31       0.31      Met     -1.3
 31 2023                                                
 Jan. 1 0001   0.12        0.12       0.23      Beat    91.2​
 Sep. 30 2022  0.13        0.12       0.20      Beat    61.9
 Jun. 30 2022  0.10        0.10       0.21      Beat    110
 This summary was machine generated July 29 at 15:46 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)