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Dayforce Inc (DAY)
NYSE:DAY
Holding DAY?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.46Last Year’s EPS
$0.5Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 12.86%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance and product innovation. Growth was evident in revenue, cash flow, and customer base. However, challenges such as elongated sales cycles and currency exchange rate headwinds were acknowledged.Company Guidance
During the Dayforce Third Quarter 2024 Earnings Call, the company provided detailed guidance underscoring its robust financial performance and strategic direction. Dayforce reported a recurring revenue of $333 million, marking a 19% increase year-over-year and total revenue of $440 million, up 17%. The cloud recurring gross margin improved by 200 basis points to 79%, while adjusted EBITDA reached $126 million, reflecting an 18% increase and an adjusted EBITDA margin of 28.7%. The company also highlighted a significant rise in year-to-date operating cash flow to $200 million, up 54%, with free cash flow climbing to $117 million, a remarkable 184% increase. For the full year, Dayforce projected recurring revenue ex float between $1.163 billion and $1.168 billion, indicating 21% growth, and total revenue ranging from $1.747 billion to $1.752 billion, with an adjusted EBITDA margin expected to be between 28.2% and 28.9%. Looking ahead to 2025, Dayforce anticipates a total revenue growth of 14% to 15% on a constant currency basis, an adjusted EBITDA margin above 31%, and a free cash flow margin exceeding 12%, highlighting its focus on sustainable growth and profitability.Strong Revenue Growth
Dayforce recurring revenue of $333 million was up 19%, and total revenue of $440 million increased 17% year-over-year.
Improved Cash Flow
Year-to-date operating cash flow was $200 million, up 54%, and free cash flow was $117 million, up 184%.
Customer Growth
Dayforce ended the third quarter with 6,730 customers, with the average Dayforce recurring revenue per customer up 15%.
Successful Product Innovations
New offerings like Dayforce Learning and cashless tips in the wallet product have been introduced, enhancing the platform's capabilities.
Pipeline and Sales Confidence
Q4 pipeline remains robust with a coverage ratio of approximately 4x, indicating strong future sales opportunities.
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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 |
|---|---|---|---|
| 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% |
| Feb 07, 2024 | $71.25 | $69.31 | -2.72% |
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 Feb 05, 2025, TBA Not Confirmed.
What is Dayforce Inc (DAY) earnings time?
Dayforce Inc (DAY) earnings time is at Feb 05, 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 2024 (Q4) is $0.46.
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