DAY Earnings Prediction
The chart below shows how DAY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DAY sees a -0.72% change in stock price 10 days leading up to the earnings, and a +2.49% change 10 days following the report. On the earnings day itself, the stock moves by +0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
DAY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
465.20M
16.39%
5.73%
Gross Margin
59.24%
4.68%
1.54%
Operating Margin
1.78%
-77.27%
-62.37%
Net Margin
2.32%
-79.67%
415.56%
EPS
0.07
-75.86%
600.00%
No Data Available
DAY Earnings Analysis
Dayforce Inc Corporation (DAY.N) Earnings Conference Call
Positive
Q4 Revenue Increase: Total revenue for Q4 reached $465.2 million, reflecting a 16.4% increase on a GAAP basis and a 17% increase on a constant currency basis.
Recurring Revenue Growth: Dayforce recurring revenue, excluding float, grew to $307.6 million, marking a 20% increase on a GAAP basis and 20.4% on a constant currency basis.
Adjusted EBITDA Performance: Adjusted EBITDA for the full year was $501.5 million, up 22.3%, with an adjusted EBITDA margin of 28.5%, expanding 140 basis points year-over-year.
Free Cash Flow Increase: Free cash flow for the year was $171.5 million, representing a 63.2% increase, with free cash flow as a percentage of revenue at 9.7%, expanding 280 basis points.
Customer Growth Metrics: The number of live customers increased to 6,876, with 7.6 million active users on Dayforce, both up approximately 10% year-over-year.
Negative
Recurring Revenue Stagnation: Powerpay recurring revenue, excluding float, was $23,100,000 flat on a GAAP basis, indicating stagnation in this segment despite overall growth in other areas.
Revenue Misses Expectations: Employee volumes, tax filing fees, and print fees missed expectations by approximately $3,000,000, negatively impacting Dayforce recurring revenue growth.
Revenue Reduction Analysis: Contract amendments resulted in a $1,000,000 reduction in recurring revenue, reallocating funds to professional services instead, which could indicate customer dissatisfaction or changing needs.
Currency Impact on Revenue: A $2,000,000 foreign exchange headwind negatively impacted revenue guidance, reflecting vulnerability to currency fluctuations in international markets.
Foreign Exchange Impact on Revenue: The company anticipates a 200 basis points headwind to full year 2025 revenue growth due to current foreign exchange rates, suggesting potential challenges in achieving revenue targets.
DAY FAQs
How does DAY typically perform around its earnings report dates?
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DAY Earning Call Sentiment
Earnings call transcript: Dayforce beats Q4 2024 forecasts, stock dips
DAY.N
-0.61%Positive
The earnings call summary reveals strong financial performance with revenue and EBITDA growth, improved margins, and increased free cash flow. The company's guidance remains optimistic, supported by strong sales momentum and a robust sales pipeline. The Q&A section addresses concerns about revenue misses as one-time issues, indicating no long-term impact. The share repurchase plan also signals confidence in future performance. Despite some risks from competition and market consolidation, the overall sentiment is positive, suggesting a likely stock price increase of 2% to 8% over the next two weeks.
