CDAY Stock Recent News

I give a buy rating for Dayforce due to its accelerating enterprise expansion and AI innovations, positioning it for continued growth. Enterprise expansion is driving larger deal sizes, higher contract values, and better revenue visibility, with a shift towards larger customers. AI innovations like Co-Pilot and demand forecasting tools enhance DAY's platform stickiness, increasing spend per customer and retention rates.

Dayforce's stock fell ~8% after a weakly received 2025 outlook, creating a buying opportunity, with shares now trading at an attractive price near $67. Despite a deceleration in revenue growth, Dayforce's constant currency growth is 15.5-17.0%, with management expecting 15% long-term growth and 100-150bps EBITDA margin expansion. Dayforce's Q4 revenue grew 16% y/y, beating expectations, with core recurring revenue up 20% y/y and sales cycles normalizing, boosting confidence in future targets.

DAY fourth-quarter 2024 results benefit from an innovative portfolio and robust recurring revenue growth.

Dayforce Inc. (NYSE:DAY ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants David Niederman - Vice President, Investor Relations David Ossip - Chair and Chief Executive Officer Jeremy Johnson - Executive Vice President and Chief Financial Officer Steve Holdridge - President and Chief Operating Officer Joe Korngiebel - Executive Vice President and Chief Strategy, Product, and Technology Officer Conference Call Participants Siti Panigrahi - Mizuho Securities Mark Murphy - JPMorgan Chase Raimo Lenschow - Barclays Mark Marcon - Robert W. Baird Samad Samana - Jefferies Scott Berg - Needham & Company Steve Enders - Citi Kevin Mcveigh - UBS Alex Zukin - Wolfe Research Brad Reback - Stifel Operator Greetings and welcome to Dayforce's Fourth Quarter and Full Year 2024 Earnings Call.

Although the revenue and EPS for Dayforce (DAY) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dayforce (DAY) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.50 per share a year ago.

Dayforce forecast first-quarter revenue below estimates on Wednesday due to waning demand for its payroll and human resources services, as small- and medium-sized businesses curtail spending due to macroeconomic uncertainty.

Dayforce® recurring revenue of $347.9 million, up 19% year-over-year in the fourth quarter Total revenue of $465.2 million, up 16% year-over-year in the fourth quarter Full year 2024 net cash provided by operating activities of $281.1 million, up 28% Annual Dayforce gross revenue retention rate of 98% MINNEAPOLIS and TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. "2024 was a year of outstanding progress and innovation for Dayforce.

MINNEAPOLIS and TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY) (TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced that it will release fourth quarter and full-year 2024 financial results before the open of regular market trading on Wednesday, February 5, 2025.

Attendees globally to discover new solutions, customer best practices, and breakthrough innovations at the flagship Dayforce experience; Keynote live stream open for registration Attendees globally to discover new solutions, customer best practices, and breakthrough innovations at the flagship Dayforce experience; Keynote live stream open for registration