NYSE$DAY
Dayforce Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Delivered strong results, exceeding guidance for Dayforce recurring revenue, total revenue, and Adjusted EBITDA.
Ceridian reported a slight increase in total revenue, driven by Dayforce recurring services revenue and cloud revenue growth. Net loss was $0.8 million, impacted by a one-time tax benefit in Q3 2019. Adjusted EBITDA declined due to float revenue impact.
- Dayforce recurring services revenue increased by 12.2% year-over-year.
- Excluding float revenue, Dayforce recurring services revenue increased by 17.9% year-over-year.
- Cloud revenue increased by 6.8% year-over-year.
- Net loss was $0.8 million, down $63.5 million, primarily due to a one-time tax benefit in the third quarter of 2019.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$204M
Revenue by segment
Dayforce · $204M total across 4 segments · Q3 2020
- Dayforce recurring$123M+12.2%60.0%
- Professional services$36.3M—17.8%
- Other recurring$26.8M-26.4%13.1%
- Powerpay recurring$18.6M-13.9%9.1%
Forward guidance
Ceridian provided guidance for the fourth quarter of 2020, including Dayforce recurring services revenue of $128 million to $129 million and total revenue of $215 million to $219 million.
Tailwinds
- Dayforce recurring services revenue is expected to increase by approximately 12% to 13%.
- Excluding float revenue, Dayforce recurring services revenue is expected to grow approximately 18% to 19%.
- Dayforce revenue is expected to increase by approximately 5% to 6%.
- Excluding float revenue, Dayforce revenue is expected to grow approximately 9% to 10%.
- Adjusted EBITDA of $30 million to $34 million.
Headwinds
- Total revenue is expected to decline by approximately 3% to 1%.
- Float revenue is expected to be approximately $6 million within Dayforce revenue.
- Float revenue is expected to be approximately $8 million within Cloud revenue.
- Float revenue is expected to be approximately $9 million within total revenue.
- Cloud revenue is expected to grow approximately 3% to 4%.
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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