Online payroll and human resource software provider Dayforce (NYSE: DAY) will be reporting earnings this Wednesday morning. Here’s what you need to know.
Dayforce beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $481.8 million, up 11.7% year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and billings in line with analysts’ estimates.
Is Dayforce a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Dayforce’s revenue to grow 8.1% year on year to $457.7 million, slowing from the 15.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dayforce has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.6% on average.
Looking at Dayforce’s peers in the finance and hr software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Asure delivered year-on-year revenue growth of 7.4%, missing analysts’ expectations by 3.2%, and Paychex reported revenues up 10.2%, falling short of estimates by 1.1%. Asure traded down 13.6% following the results while Paychex was also down 7.4%.
Read our full analysis of Asure’s results here and Paychex’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the finance and hr software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Dayforce is down 1.1% during the same time and is heading into earnings with an average analyst price target of $67.27 (compared to the current share price of $55.97).
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