Dayforce Inc expected to post earnings of 42 cents a share - Earnings Preview

Dayforce

29/04/2024 15:27

* Dayforce Inc  DAY.N   DAY  is expected to show a rise in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Minneapolis Minnesota-based  company is expected to
report a
15.0% increase in revenue to $426.048 million from $370.6
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data.The company's guidance on February
7 2024, for the period ended March 31, was for revenue between
$424.00 million and $427.00 million.
    * ​LSEG's mean analyst estimate for Dayforce Inc is for
earnings
of 42 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
$76.50​, above​ its last closing price of $60.98. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD424 million and USD126 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  
 Dec. 31 2023  0.33        0.32       0.50      Beat    54.4
 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.        0.12        0.12       0.23      Beat    91.2
 31 2022                                                
 Sep. 30 2022  0.13        0.12       0.20      Beat    61.9​
 Jun. 30 2022  0.10        0.10       0.21      Beat    110
 Jan. 1 0001   0.08        0.08       0.13      Beat    61.2
 This summary was machine generated April 29 at 14:27 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)