Dayforce (DAY) Surpasses Q3 Earnings and Revenue Estimates

Group 1 - Dayforce reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.45 per share, and up from $0.37 per share a year ago, representing an earnings surprise of 4.44% [1] - The company achieved revenues of $440 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.70%, compared to $377.5 million in the same quarter last year [2] - Dayforce has outperformed consensus EPS estimates three times over the last four quarters [2] Group 2 - The stock has underperformed the market, losing about 2.7% since the beginning of the year, while the S&P 500 gained 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $459.54 million, and for the current fiscal year, it is $1.84 on revenues of $1.74 billion [7] - The Zacks Industry Rank for Internet - Software is in the top 33% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]