Dayforce Sees Q4 2024 Revenue $452M-$457M Vs $458.0M Est., Adj. EBITDA Of $120M-$135M
Portfolio Pulse from Benzinga Newsdesk
Dayforce has released its Q4 2024 financial guidance, projecting revenue between $452 million and $457 million, which is below the market estimate of $458 million. The company also expects adjusted EBITDA to range from $120 million to $135 million.
October 30, 2024 | 11:06 am
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Dayforce's Q4 2024 revenue guidance of $452M-$457M falls short of the $458M estimate, potentially impacting investor sentiment negatively. However, the adjusted EBITDA range of $120M-$135M provides some positive outlook.
The revenue guidance falling short of market expectations is likely to be viewed negatively by investors, potentially leading to a short-term decline in stock price. However, the adjusted EBITDA range suggests operational efficiency, which might mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100