NYSE$DAY
Dayforce Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Ceridian reported strong momentum and performance with Dayforce recurring revenue, excluding float revenue, growing by 32% in the fourth quarter.
Ceridian's total revenue for the fourth quarter of 2021 was $282.1 million, up 26.6% year-over-year. Dayforce recurring revenue, excluding float revenue, increased by 32%.
- Total revenue increased by 26.6% year-over-year.
- Dayforce recurring revenue, excluding float revenue, grew by 32%.
- Cloud revenue increased by 24.5% year-over-year.
- 5,434 Dayforce customers are live on the Dayforce platform as of December 31, 2021, an increase of 10.8%.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$282M
Revenue by segment
Dayforce · $282M total across 4 segments · Q4 2021
- Dayforce recurring$170M+30.2%60.4%
- Professional services$50.5M+22.3%17.9%
- Other recurring$36.4M+31.4%12.9%
- Powerpay recurring$24.8M+8.3%8.8%
Forward guidance
Ceridian is issuing the following guidance for the full year and first quarter of 2022. Full Year 2022 Guidance: Dayforce recurring revenue, excluding float revenue, of $751 million to $762 million. Total revenue of $1,192 million to $1,217 million. Adjusted EBITDA of $180 million to $195 million.
Tailwinds
- Dayforce recurring revenue, excluding float revenue, of $751 million to $762 million, or an increase of 26% to 28% on both a GAAP basis and a constant currency basis.
- Cloud revenue of $1,054 million to $1,075 million, or an increase of 21% to 23% on both a GAAP basis and a constant currency basis.
- Total revenue of $1,192 million to $1,217 million, or an increase of 16% to 19% on a GAAP basis and 17% to 19% on a constant currency basis.
- Adjusted EBITDA of $180 million to $195 million.
- Dayforce recurring revenue, excluding float revenue, of $177 million to $180 million, or an increase of 29% to 31% on both a GAAP basis and a constant currency basis.
Headwinds
- Foreign Exchange
- COVID-19 pandemic
- Inability to manage its growth effectively or execute on its growth strategy
- Its failure to provide new or enhanced functionality and features
- Significant competition in the market in which its solutions compete
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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