Dayforce Inc reports results for the quarter ended in December - Earnings Summary

Dayforce

07/02/2024 14:30

* Dayforce Inc  DAY.N  reported quarterly adjusted earnings
of 50
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 27 cents to 40 cents per share.
    * Revenue rose 18.9% to $399.70 million from a year ago;
analysts
expected $399.71 million. 
    * Dayforce Inc's reported EPS for the quarter was 29 cents​.
    * The company reported quarterly net income of $45.6
million.
    * Dayforce Inc shares had risen by 6.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Dayforce Inc is
$75.00 
This summary was machine generated from LSEG data February 7 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.32           0.50           Beat
 Sep. 30 2023      0.30           0.37           Beat
 Jun. 30 2023      0.29           0.32           Beat
 Mar. 31 2023      0.31           0.31           Met