For Q1, the company sees: Dayforce recurring revenue, excluding float of $222 million to $224 million, or an increase of 23% to 24% on a GAAP basis and 25% to 26% on a constant currency basis. Ceridian expects tax migration from the legacy Bureau infrastructure to the same platform as Dayforce to contribute approximately 550 basis points of growth in the first quarter of 2023. Float revenue of $45 million. Adjusted EBITDA of $92 million to $95 million. This report corrects the consensus revenue estimate.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CDAY:
- Ceridian reports Q4 adjusted EPS 23c, consensus 15c
- Ceridian names Steve Holdridge president, customer and revenue operations
- Ceridian Reports Fourth Quarter and Full Year 2022 Results
- Ceridian Promotes Steve Holdridge to President, Customer and Revenue Operations
- Ceridian price target raised to $82 from $80 at Deutsche Bank
