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Dayforce, Inc. (DAY)
:DAY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.43Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -9.88%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, increased profitability, and significant product innovation. However, there were some challenges in meeting recurring revenue expectations due to lower employee volumes and foreign exchange headwinds. Overall, the sentiment is optimistic with confidence in continued growth and profitability improvements.Company Guidance
During Dayforce's earnings call, the company provided key guidance metrics for 2025, highlighting a focus on sustaining growth and increasing profitability. Total revenue is expected to grow by 14% to 15% on a constant currency basis, excluding float. Dayforce recurring revenue, excluding float, is projected to grow between 15% and 17% on the same basis. The company aims to achieve an adjusted EBITDA margin of 32%, up from the previous guidance of 31%, reflecting a 100 basis point increase. Additionally, Dayforce anticipates improving its free cash flow margin to 12% of revenue, an increase of 230 basis points. Over the midterm, Dayforce expects to sustain total revenue growth close to 15% while driving profitability improvements, with free cash flow and adjusted EBITDA growth outpacing revenue growth.Strong Revenue Growth
Total revenue for 2024 was $1.76 billion, growing 17% on a constant currency basis. Dayforce recurring revenue excluding float grew 21% on a constant currency basis.
Record Q4 Sales and Start to 2025
Q4 sales exceeded expectations, with sales cycles returning to historical levels. January 2025 started strong, with sales growth expected to outpace revenue growth throughout the year.
Increased Profitability
Adjusted EBITDA margin was 28.5%, expanding 140 basis points. Free cash flow was $172 million, expanding 280 basis points. Adjusted EBITDA margin guidance for 2025 has been increased to 32%.
Innovative Product Developments
Dayforce Wallet revenue increased from $12 million to over $30 million in 2024. Multiple product innovations, including AI-driven capabilities and new compliance features, were introduced.
Improved Customer Metrics
Dayforce recurring revenue per customer increased by 11%, and the gross retention rate improved from 97.1% to 98%.
Strong Pipeline Coverage
Starting 2025 with approximately four times coverage of the sales pipeline compared to the sales target.
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DAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $71.74 | $66.00 | -8.00% |
| Oct 30, 2024 | $65.32 | $70.08 | +7.29% |
| Jul 31, 2024 | $53.68 | $59.28 | +10.43% |
| May 01, 2024 | $61.37 | $57.69 | -6.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dayforce, Inc. (DAY) report earnings?
Dayforce, Inc. (DAY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Dayforce, Inc. (DAY) earnings time?
Dayforce, Inc. (DAY) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAY EPS forecast?
DAY EPS forecast for the fiscal quarter 2025 (Q1) is 0.55.
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