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

Dayforce

01/05/2024 14:33

* Dayforce Inc  DAY.N  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 31
cents.  The mean expectation of sixteen analysts for the quarter
was for earnings of 42 cents per share. Wall Street expected
results to range from 36 cents to 48 cents per share.
    * Revenue rose 16.4% to $431.50 million from a year ago;
analysts
expected $426.05 million. 
    * Dayforce Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $7.1 million.
    * Dayforce Inc shares had fallen by 7.3% this quarter and
lost 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 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
$76.50 
This summary was machine generated from LSEG data May 1 at 01:33
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
 Mar. 31 2024      0.42           0.43           Beat
 Dec. 31 2023      0.32           0.50           Beat
 Sep. 30 2023                     0.37           
 Jun. 30 2023      0.29           0.32           Beat