Dayforce (DAY) recently had mixed results for its Q1 earnings, with revenues beating expectations but they lagged behind on earnings per share. Despite the average price target from analysts standing at $73.40,
Dayforce had their price lowered to $80.00 by Mizuho and again cut to $75.00. A new reveal from
Dayforce is the Partner Exchange, though there's been no significant reaction to the announcement. The company, formerly known as Ceridian, reported robust growth and strategic advancements in their Q1 2024 earnings call. This sparked intrigue but didn't prevent the stock from becoming oversold. The three-year losses have been a cause for concern, growing from 32% to 34% and the company shedding hundreds of millions in value. Based on short interest, investors' sentiment is generally negative despite them receiving an Outperform rating from William Blair and having a strong relative strength index (RSI) rating. It is crucial to note that
Dayforce Inc. reported a solid Q4 revenue inline with estimates, but underwhelmed with its full-year guidance. There is speculation regarding violations of securities laws, but none of these allegations have been confirmed.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Thu, 09 May 2024 12:37:06 GMT -
Rating -5
- Innovation -3
- Information 1
- Rumor -5
