NYSE$DAY
Dayforce Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Ceridian's financial performance exceeded expectations despite economic headwinds from the pandemic, with Dayforce recurring services revenue growing significantly excluding float revenue.
Ceridian reported a slight increase in total revenue for Q4 2020, with significant growth in Dayforce recurring services revenue excluding float revenue. The company's cloud revenue also saw growth, and the number of Dayforce customers increased. However, the company reported a net loss for the quarter, and Adjusted EBITDA declined.
- Dayforce recurring services revenue grew by more than 19% excluding float revenue.
- Cloud revenue increased, driven by Dayforce and Powerpay.
- The number of Dayforce customers live on the platform increased to 4,906.
- The company continues to invest in product development and sales & marketing.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$223M
Revenue by segment
Dayforce · $223M total across 4 segments · Q4 2020
- Dayforce recurring$131M+14.5%58.8%
- Professional services$41.3M-9.0%18.5%
- Other recurring$27.7M-25.3%12.4%
- Powerpay recurring$22.9M-8.4%10.3%
Forward guidance
For the first quarter of 2021, Ceridian anticipates Dayforce recurring services revenue between $141 million and $142 million, and Adjusted EBITDA between $32 million and $36 million.
Tailwinds
- Dayforce recurring services revenue is expected to grow approximately 10% to 11% on a GAAP basis.
- Excluding float revenue, Dayforce recurring services revenue is expected to grow approximately 18% to 19% on both a GAAP and constant currency basis.
- Dayforce revenue of $176 million to $178 million is anticipated.
- Excluding float revenue, Dayforce revenue is expected to grow approximately 10% to 11% on a GAAP basis and 9% to 10% on a constant currency basis.
- Cloud revenue of $194 million to $197 million is expected.
Headwinds
- Total revenue is expected to decline approximately 1% to an increase of approximately 1% on a GAAP basis.
- Total revenue is expected to decline approximately 2% to flat on a constant currency basis.
- Float revenue is expected to be approximately $6 million within Dayforce revenue.
- Float revenue is expected to be $8 million within Cloud revenue.
- Float revenue is expected to be $9 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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