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

Dayforce

31/07/2024 15:23

* Dayforce Inc  DAY.N  reported quarterly adjusted earnings
of 48
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of sixteen analysts for the quarter
was for earnings of 36 cents per share. Wall Street expected
results to range from 30 cents to 43 cents per share.
    * Revenue rose 15.7% to $423.30 million from a year ago;
analysts
expected $417.54 million. 
    * Dayforce Inc's reported EPS for the quarter was a loss of
1
cent​.
    * The company reported a quarterly loss of $1.8 million.
    * Dayforce Inc shares had risen by 8.2% this quarter and
lost 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Dayforce Inc is
$68.00 
This summary was machine generated from LSEG data July 31 at
02:23 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
 Jun. 30 2024      0.36           0.48           Beat
 Mar. 31 2024      0.42           0.43           Beat
 Dec. 31 2023      0.32           0.50           Beat
 Sep. 30 2023      0.30           0.37           Beat