Let's delve into the developments on the US markets in the middle of the day on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Dayforce has had an impressive run over the past six months as its shares have beaten the S&P 500 by 23.9%. The stock now trades at $70, marking a 36.5% gain. This performance may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the HR software industry, including Dayforce (NYSEDAY) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how hr software stocks fared in Q3, starting with Paychex (NASDAQPAYX).
Shares of online payroll and human resource software provider Dayforce (NYSEDAY)
jumped 11.8% in the morning session after the company reported a "beat and raise" quarter. Third-quarter earnings beat analysts' revenue, billing, and EPS expectations. The solid performance enabled the company to raise sales and EBITDA guidance for the full year. Overall, this was a strong quarter.
Online payroll and human resource software provider Dayforce (NYSEDAY) announced better-than-expected revenue in Q3 CY2024, with sales up 16.6% year on year to $440 million. On the other hand, the company expects next quarter’s revenue to be around $454.5 million, slightly below analysts’ estimates. Its non-GAAP profit of $0.47 per share was also 11% above analysts’ consensus estimates.
