Dayforce Inc., trading as
DAY on the NYSE, has experienced a shift in its financial performance with its shares hitting a new 1-year low at $48.86, contributing to an overall three-year investor loss of 34%. The recent Q1 earnings have not met estimated targets; however, the reported revenue growth and operating profit for Q1 2024 beat expectations, leading to a raise in revenue forecast for 2024 on strong payroll demand. CFRA downgraded DAY to hold status, and EVP, COO Christopher Armstrong sold 60,000 DAY shares. Contrary to these downturn trends, Dayforce received an average recommendation of 'Moderate Buy' from analysts.
Dayforce also launched its
Dayforce Discover and
Dayforce Partner Exchange, suggesting the company is making innovative moves despite mixed financial performance. The firm changed its name from
Ceridian and secured $1 billion for strategic financial growth. It also completed the acquisition of eloomi and intends to present at upcoming investor conferences.
Dayforce also managed to launch
Dayforce Payroll in Singapore, indicating its expanding global footprint.
Dayforce DAY News Analytics from Sun, 07 May 2017 07:00:00 GMT to Thu, 06 Jun 2024 11:53:04 GMT -
Rating -2
- Innovation 2
- Information 5
- Rumor -3
