NYSE$DAY
Dayforce Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Second quarter financial performance was strong with increased demand for Dayforce.
Ceridian announced its Q2 2020 financial results, reporting Dayforce recurring services revenue of $118.5 million, up 15.7% year-over-year. Total revenue was $192.6 million, a decline of 1.9%. Net income was $5.5 million, and diluted net income per share was $0.04.
- Dayforce recurring services revenue increased by 15.7% year-over-year, reaching $118.5 million.
- Excluding float revenue, Dayforce recurring services revenue grew by 23.3% year-over-year to $110.2 million.
- Total revenue decreased by 1.9% year-over-year to $192.6 million.
- Operating profit was $4.0 million, while adjusted EBITDA was $37.5 million, down 14.8% year-over-year.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$193M
Revenue by segment
Dayforce · $193M total across 4 segments · Q2 2020
- Dayforce recurring$119M+15.7%61.5%
- Professional services$33.5M—17.4%
- Other recurring$24.4M-39.3%12.7%
- Powerpay recurring$16.2M-22.5%8.4%
Forward guidance
Ceridian issued guidance for the third quarter of 2020, expecting Dayforce recurring services revenue of $118 million to $120 million and total revenue of $198 million to $203 million.
Tailwinds
- Dayforce recurring services revenue is expected to increase approximately 8% to 10% on a GAAP and constant currency basis.
- Excluding float revenue, Dayforce recurring services revenue is expected to grow approximately 14% to 16% on a GAAP and constant currency basis.
- Dayforce revenue is projected to increase approximately 8% to 10% on a GAAP basis and 8% to 11% on a constant currency basis.
- Excluding float revenue, Dayforce revenue is expected to grow approximately 12% to 14% on a GAAP basis and 13% to 15% on a constant currency basis.
- Cloud revenue is anticipated to increase approximately 5% to 7% on a GAAP basis and 5% to 8% on a constant currency basis.
Headwinds
- Total revenue is expected to decline approximately 2% to flat on a GAAP basis.
- Total revenue is expected to decline approximately 1% to an increase of approximately 1% on a constant currency basis.
- Float revenue is expected to be approximately $7 million within Dayforce revenue.
- Float revenue is expected to be $9 million within Cloud revenue.
- Float revenue is expected to be $10 million within total revenue.
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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