Dayforce reported $440 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 16.6%. EPS of $0.47 for the same period compares to $0.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $428.43 million, representing a surprise of +2.70%. The company delivered an EPS surprise of +4.44%, with the consensus EPS estimate being $0.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dayforce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Recurring: $375.90 million versus $372.79 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.
- Revenue- Professional services and other: $64.10 million versus $55.06 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +23% change.
- Revenue- Total Cloud recurring: $357.60 million versus the three-analyst average estimate of $355.42 million. The reported number represents a year-over-year change of +17.8%.
- Revenue- Total Powerpay recurring: $24.40 million compared to the $24.37 million average estimate based on three analysts. The reported number represents a change of +1.7% year over year.
- Other recurring: $18.30 million compared to the $18.40 million average estimate based on three analysts.
- Revenue- Powerpay float: $4.20 million compared to the $4.34 million average estimate based on two analysts. The reported number represents a change of -4.6% year over year.
- Revenue- Powerpay recurring, excluding float: $20.20 million compared to the $19.86 million average estimate based on two analysts. The reported number represents a change of +3.1% year over year.
- Revenue- Dayforce float: $41.20 million compared to the $38.10 million average estimate based on two analysts. The reported number represents a change of +21.2% year over year.
- Revenue- Total Dayforce recurring: $333.20 million compared to the $330.03 million average estimate based on two analysts. The reported number represents a change of +19.2% year over year.
- Revenue- Cloud professional services and other - Dayforce professional services and other: $61.80 million versus the two-analyst average estimate of $49.43 million.
- Revenue- Dayforce recurring, excluding float: $292 million compared to the $291.98 million average estimate based on two analysts. The reported number represents a change of +18.9% year over year.
View all Key Company Metrics for Dayforce here>>>Shares of Dayforce have returned +7.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Dayforce (DAY) Q3 Earnings
Dayforce reported $440 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 16.6%. EPS of $0.47 for the same period compares to $0.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $428.43 million, representing a surprise of +2.70%. The company delivered an EPS surprise of +4.44%, with the consensus EPS estimate being $0.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dayforce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Recurring: $375.90 million versus $372.79 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.
- Revenue- Professional services and other: $64.10 million versus $55.06 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +23% change.
- Revenue- Total Cloud recurring: $357.60 million versus the three-analyst average estimate of $355.42 million. The reported number represents a year-over-year change of +17.8%.
- Revenue- Total Powerpay recurring: $24.40 million compared to the $24.37 million average estimate based on three analysts. The reported number represents a change of +1.7% year over year.
- Other recurring: $18.30 million compared to the $18.40 million average estimate based on three analysts.
- Revenue- Powerpay float: $4.20 million compared to the $4.34 million average estimate based on two analysts. The reported number represents a change of -4.6% year over year.
- Revenue- Powerpay recurring, excluding float: $20.20 million compared to the $19.86 million average estimate based on two analysts. The reported number represents a change of +3.1% year over year.
- Revenue- Dayforce float: $41.20 million compared to the $38.10 million average estimate based on two analysts. The reported number represents a change of +21.2% year over year.
- Revenue- Total Dayforce recurring: $333.20 million compared to the $330.03 million average estimate based on two analysts. The reported number represents a change of +19.2% year over year.
- Revenue- Cloud professional services and other - Dayforce professional services and other: $61.80 million versus the two-analyst average estimate of $49.43 million.
- Revenue- Dayforce recurring, excluding float: $292 million compared to the $291.98 million average estimate based on two analysts. The reported number represents a change of +18.9% year over year.
View all Key Company Metrics for Dayforce here>>>Shares of Dayforce have returned +7.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.