Dayforce Reports Q1 Revenue Shortfall, Shares Lag S&P 500

Dayforce reported a significant decrease in net income for Q4 2024, with earnings of $10.8 million or $0.07 per share, compared to $45.6 million or $0.29 per share a year earlier. Despite this drop, adjusted earnings of $0.60 per share surpassed analysts' expectations of $0.45, marking a 30.43% earnings surprise. Revenue rose to $465.2 million, beating the Zacks Consensus Estimate but fell short of FactSet's expectations of $482.3 million. The company forecasts revenue between $421 million and $427 million for Q1 2025, lower than analysts' expectations. Dayforce's shares have underperformed the S&P 500, losing about 1.2% since the start of the year. The company's future stock movement will largely depend on its earnings outlook and management commentary during future earnings calls.