Taking on analysts’ expectations and winning: Dayforce Inc (DAY)

With 0.96 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.45 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $76.29 whereas the lowest price it dropped to was $73.94. The 52-week range on DAY shows that it touched its highest point at $81.32 and its lowest point at $47.08 during that stretch. It currently has a 1-year price target of $83.50. Beta for the stock currently stands at 1.24.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DAY was down-trending over the past week, with a drop of -1.63%, but this was up by 17.25% over a month. Three-month performance surged to 37.79% while six-month performance rose 20.42%. The stock gained 8.71% in the past year, while it has gained 13.10% so far this year. A look at the trailing 12-month EPS for DAY yields 0.33 with Next year EPS estimates of 2.22. For the next quarter, that number is 0.45. This implies an EPS growth rate of 21.27% for this year and 21.23% for next year.

Float and Shares Shorts:

At present, 156.30 million DAY shares are outstanding with a float of 148.68 million shares on hand for trading. On 2024-10-31, short shares totaled 14.68 million, which was 931.00004 higher than short shares on 1727654400. In addition to Mr. David D. Ossip as the firm’s Chairman & CEO, Mr. Stephen H. Holdridge serves as its President & COO.

Institutional Ownership:

Through their ownership of 1.18932 of DAY’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, DAY reported revenue of $440000000.0 and operating income of $20800000.0. The EBITDA in the recently reported quarter was $79200000.0 and diluted EPS was $0.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DAY since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DAY analysts setting a high price target of 95.0 and a low target of 65.0, the average target price over the next 12 months is 82.50667. Based on these targets, DAY could surge 25.15% to reach the target high and fall by -14.37% to reach the target low. Reaching the average price target will result in a growth of 8.69% from current levels.

Analysts have provided yearly estimates in a range of $1.84107 being high and $1.82117 being low. For DAY, this leads to a yearly average estimate of $1.83112. The surprise factor in the prior quarter was $0.36. Based on analyst estimates, the high estimate for the next quarter is $0.68 and the low estimate is $0.49. The average estimate for the next quarter is thus $0.58.