NYSE$DAY
Dayforce Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Ceridian delivered strong first quarter results, executing well across all geographies and exceeding financial expectations.
Ceridian reported strong first quarter results with Dayforce recurring revenue of $145.3 million, up 13.4% year-over-year. Total revenue was $234.5 million, an increase of 5.3%. The company expects total revenue in 2021 to exceed $1 billion.
- Dayforce recurring revenue was $145.3 million, an increase of 13.4% year-over-year.
- Excluding float revenue, Dayforce recurring revenue was $137.6 million, up 20.7% year-over-year.
- Total revenue was $234.5 million, an increase of 5.3% year-over-year.
- Cash and equivalents were $339.6 million as of March 31, 2021.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$235M
Revenue by segment
Dayforce · $235M total across 4 segments · Q1 2021
- Dayforce recurring$145M+13.4%62.0%
- Professional services$38.5M-6.6%16.4%
- Other recurring$30.4M-3.8%13.0%
- Powerpay recurring$20.3M-6.9%8.7%
Forward guidance
Ceridian has issued the following guidance for the second quarter of 2021: Dayforce recurring revenue of $148 million to $149 million. Total revenue of $236 million to $240 million.
Tailwinds
- Dayforce recurring revenue is expected to grow approximately 28% to 29%.
- Dayforce revenue is expected to grow approximately 24% to 25%.
- Cloud revenue is expected to grow approximately 23% to 25%.
- Total revenue is expected to grow approximately 25% to 27%.
- Adjusted EBITDA of $27 million to $31 million.
Headwinds
- Float revenue of approximately $7 million within Dayforce revenue.
- Float revenue of approximately $9 million within Cloud revenue.
- Float revenue of approximately $10 million within total revenue.
- Ceridian expects a negative impact of approximately $0.10 to EPS.
- Ceridian expects a negative impact of approximately $0.10 to Adjusted EPS.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+0.4%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+17.4%
Q2 2022
Best reaction
-15.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.0% | +0.2% | +1.1% | |
| Q2 2025 | +0.5% | -6.0% | +29.9% | |
| Q1 2025 | -5.9% | +2.7% | +4.1% | |
| Q4 2024 | -8.0% | -8.4% | -22.8% | |
| Q3 2024 | +8.9% | +15.6% | +22.4% | |
| Q2 2024 | +5.4% | -1.4% | +6.4% | |
| Q1 2024 | -5.9% | -5.3% | -19.4% | |
| Q4 2023 | -1.8% | +2.1% | -6.2% | |
| Q3 2023 | +4.8% | +2.0% | +7.7% | |
| Q2 2023 | +1.5% | +4.0% | +3.7% | |
| Q1 2023 | -9.9% | -7.6% | +2.3% | |
| Q4 2022 | +3.6% | +3.4% | -9.5% | |
| Q3 2022 | -3.1% | -12.3% | +6.4% | |
| Q2 2022 | +17.4% | +19.3% | +5.0% | |
| Q1 2022 | -1.2% | -4.0% | -3.6% | |
| Q4 2021 | -0.6% | -9.5% | -20.6% | |
| Q3 2021 | -6.7% | — | — | |
| Q2 2021 | +1.2% | — | — | |
| Q1 2021 | -1.1% | — | — | |
| Q4 2020 | -10.8% | — | — | |
| Q3 2020 | +2.3% | — | — | |
| Q2 2020 | -9.6% | — | — | |
| Q1 2020 | +7.4% | — | — | |
| Q4 2019 | -15.4% | — | — | |
| Q3 2019 | +9.6% | — | — | |
| Q2 2019 | +2.3% | — | — | |
| Q1 2019 | -6.9% | — | — | |
| Q4 2018 | -0.3% | — | — | |
| Q3 2018 | +0.2% | — | — | |
| Q3 2017 | +0.2% | — | — | |
| Q2 2018 | -10.0% | — | — | |
| Q4 2017 | -1.1% | — | — | |
| Q1 2018 | -3.4% | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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