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Compared to Estimates, Dayforce (DAY) Q4 Earnings: A Look at Key Metrics
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Dayforce (DAY - Free Report) reported $465.2 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 16.4%. EPS of $0.60 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $455.21 million, representing a surprise of +2.19%. The company delivered an EPS surprise of +30.43%, with the consensus EPS estimate being $0.46.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $393.70 million compared to the $390.32 million average estimate based on five analysts. The reported number represents a change of +16.1% year over year.
Revenue- Professional services and other: $71.50 million versus $67.66 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +18% change.
Other recurring: $18.30 million versus the three-analyst average estimate of $17.47 million.
Revenue- Total Powerpay recurring: $27.50 million versus the three-analyst average estimate of $26.06 million. The reported number represents a year-over-year change of -2.1%.
Revenue- Dayforce recurring, excluding float: $307.60 million versus $313.61 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
Revenue- Total Cloud recurring: $375.40 million versus the three-analyst average estimate of $374.37 million. The reported number represents a year-over-year change of +17.2%.
Revenue- Powerpay float: $4.40 million versus the two-analyst average estimate of $4.36 million. The reported number represents a year-over-year change of -12%.
Revenue- Total Dayforce recurring: $347.90 million compared to the $349.11 million average estimate based on two analysts. The reported number represents a change of +19.1% year over year.
Revenue- Dayforce float: $40.30 million versus $35.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.
Revenue- Powerpay recurring, excluding float: $23.10 million versus $22.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Shares of Dayforce have returned +0.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Dayforce (DAY) Q4 Earnings: A Look at Key Metrics
Dayforce (DAY - Free Report) reported $465.2 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 16.4%. EPS of $0.60 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $455.21 million, representing a surprise of +2.19%. The company delivered an EPS surprise of +30.43%, with the consensus EPS estimate being $0.46.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $393.70 million compared to the $390.32 million average estimate based on five analysts. The reported number represents a change of +16.1% year over year.
- Revenue- Professional services and other: $71.50 million versus $67.66 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +18% change.
- Other recurring: $18.30 million versus the three-analyst average estimate of $17.47 million.
- Revenue- Total Powerpay recurring: $27.50 million versus the three-analyst average estimate of $26.06 million. The reported number represents a year-over-year change of -2.1%.
- Revenue- Dayforce recurring, excluding float: $307.60 million versus $313.61 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
- Revenue- Total Cloud recurring: $375.40 million versus the three-analyst average estimate of $374.37 million. The reported number represents a year-over-year change of +17.2%.
- Revenue- Powerpay float: $4.40 million versus the two-analyst average estimate of $4.36 million. The reported number represents a year-over-year change of -12%.
- Revenue- Total Dayforce recurring: $347.90 million compared to the $349.11 million average estimate based on two analysts. The reported number represents a change of +19.1% year over year.
- Revenue- Dayforce float: $40.30 million versus $35.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.
- Revenue- Powerpay recurring, excluding float: $23.10 million versus $22.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
View all Key Company Metrics for Dayforce here>>>Shares of Dayforce have returned +0.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.