Yahoo Finance Dayforce First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Dayforce (NYSE:DAY) First Quarter 2024 Results
Key Financial Results
Revenue: US$431.5m (up 16% from 1Q 2023).
Net income: US$7.10m (down 28% from 1Q 2023).
Profit margin: 1.6% (down from 2.7% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.045 (down from US$0.064 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dayforce Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 80%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are down 3.4% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Dayforce's balance sheet and an in-depth analysis of the company's financial position.
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