Dayforce (DAY) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this provider of human-resources software and services is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation bet ...

Dayforce (DAY) closed the last trading session at $52.49, gaining 8.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $68.73 indicates a 30.9% upside potential. The average comprises 15 short-term price targets ranging from a low of $52 to a high of $87, with a standard deviation of $10.85. While the lowest estimate indicates a decline of 0.9% from the current price level, the mos ...

These days, AI stocks are almost selling like pancakes, and I can't blame investors. With almost every tech and tech-adjacent company announcing artificial intelligence integration into their business processes, AI service providers are getting more clients. At the same time, SaaS companies are injecting GPT into their existing platforms, allowing them to expand their offerings and rake in more revenue. Indeed, the AI trend is at full throttle, and everyone is eager to ride it to the top. However, we can't ...

Key Takeaways Dayforce shares soared after the the provider of human resources software and services posted better-than-expected quarterly sales and profits. Improving profitability and cash flow generation prompted the company to announce a $500 million stock buyback program. Dayforce Wallet, the firm's on-demand payment solution, surpassed $4 billion in total payroll delivered. Dayforce (DAY) shares jumped after the provider of human resources software and services topped sales and profit estimates with i ...

Dayforce Inc. (NYSE:DAY) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants David Niederman - Vice President, Investor Relations David Ossip - Chief Executive Officer Jeremy Johnson - Chief Financial Officer Steve Holdridge - President Conference Call Participants Mark Marcon - Baird Samad Samana - Jefferies Scott Berg - Needham Siti Panigrahi - Mizuho Steve Enders - Citi Bhavin Shah - Deutsche Bank Brad Reback - Stifel Daniel Jester - BMO Raimo Lenschow - Barclays Jared Levine - ...

MINNEAPOLIS and TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY, TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced a new milestone for its award-winning on-demand pay solution, Dayforce Wallet. Across the solution's global footprint, more than $4 billion in payroll1 has been delivered through on-demand pay, early direct deposit, and paycard to employees using Dayforce Wallet. In today's boundless workforce, organizations face the challe ...

Dayforce (DAY) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for nonrecurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Dayforce has underperformed the market so far this year, the question that ...

Goodwill and changes therein were as follows: Other Intangible Assets, Net 15 | Q2 2024 Form 10-Q | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|---------------------------|-----------|---------------------| | | | June 30, 2024 \n(In | millions) | December 31, 2023 | | 2018 Term Debt, interest rate of 8.0% as of December 31, 2023 | $ | ...

Exhibit 99.1 davforce Dayforce Reports Second Quarter 2024 Results 1 Dayforce® recurring revenue of $321.6 million, up 20% Total revenue of $423.3 million, up 16% Year-to-date net cash provided by operating activities of $108.3 million, up 16% Minneapolis, MN and Toronto, ON, July 31, 2024 - 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 second quarter ended June 30, 2024. "Our s ...

MINNEAPOLIS and TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY, TSX:DAY), a global human capital management (HCM) leader that makes work life better, announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $500 million of its common stock. Dayforce may repurchase shares of common stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including thr ...