CERIDIAN HCM HOLDING INC (CDAY) Forecast, Price Target & Analyst Ratings

NYSE:CDAY • US15677J1088

69.52 USD

+0.07 (+0.1%)

At close: Jan 31, 2024

69.52 USD

0 (0%)

After Hours: 1/31/2024, 8:04:00 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CERIDIAN HCM HOLDING INC (CDAY).

Consensus Price Target

Price Target

$77.90

+ 12.06% Upside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: May 1, 2024
Period: Q4 / 2023
EPS Estimate: $0.33
Revenue Estimate: 407.7M

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

77.60%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

$77.90

Upside

+ 12.06%

From current price of $69.52 to mean target of $77.90, Based on 25 analyst forecasts

Low

$62.62

Median

$76.50

High

$99.75

Price Target Revisions

1 Month

0.14%

3 Months

-2.44%

Price Target Summary

25 Wall Street analysts provided a forecast for the next 12 months for CDAY. The average price target is 77.9 USD. This implies a price increase of 12.06% is expected in the next year compared to the current price of 69.52.

The average price target has been revised downward by 2.44% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

77.60%

CDAY was analyzed by 25 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about CDAY.

In the previous month the buy percentage consensus was at a similar level.

CDAY was analyzed by 25 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2024-01-19	Baird	Reiterate	Outperform -> Outperform
2024-01-10	Stifel	Initiate	Buy
2023-12-05	Needham	Reiterate	Buy -> Buy
2023-11-07	UBS	Initiate	Buy
2023-11-02	Needham	Reiterate	Buy -> Buy
2023-11-02	JP Morgan	Maintains	Neutral -> Neutral
2023-10-23	Goldman Sachs	Initiate	Neutral
2023-10-12	Piper Sandler	Reiterate	Neutral -> Neutral
2023-10-05	Needham	Upgrade	Hold -> Buy
2023-08-03	Barclays	Maintains	Equal-Weight -> Equal-Weight
2023-08-03	Piper Sandler	Maintains	Neutral -> Neutral
2023-07-21	Citigroup	Maintains	Buy -> Buy
2023-07-13	TD Cowen	Downgrade	Outperform -> Market Perform
2023-05-09	TD Cowen	Maintains	Outperform
2023-05-04	Barclays	Maintains	Equal-Weight
2023-05-04	Wells Fargo	Maintains	Equal-Weight
2023-05-04	Credit Suisse	Maintains	Outperform
2023-05-04	Piper Sandler	Maintains	Neutral
2023-04-28	Piper Sandler	Reiterate	Neutral
2023-02-10	Baird	Maintains	Outperform
2023-02-09	Mizuho	Maintains	Buy
2023-02-09	BMO Capital	Maintains	Outperform
2023-02-09	Barclays	Maintains	Equal-Weight
2023-02-09	Cowen & Co.	Maintains	Outperform
2023-02-09	Wells Fargo	Maintains	Equal-Weight

Next Earnings Forecast Details

Next Earnings Details

Release Date: May 1, 2024
Period: Q4 / 2023
EPS Estimate: $0.33
Revenue Estimate: 407.7M
Revenue Q2Q: 21.30%
EPS Q2Q: 43.63%
Number of Analysts: 19

Next Earnings Revisions

Revenue (1 Month)

0.02%

Revenue (3 Months)

0.45%

EPS (1 Month)

1.06%

EPS (3 Months)

1.12%

Next Earnings Summary

CDAY is expected to report earnings on 5/1/2024. The consensus EPS estimate for the next earnings is 0.33 USD and the consensus revenue estimate is 407.70M USD.

The next earnings revenue estimate has been revised upward by 0.45% in the past 3 months.

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Revenue YoY % growth	842.5M 2.23%	1.024B 21.57%	1.246B 21.68%	1.544B 23.90%	1.774B 14.90%	2.041B 15.05%	2.434B 19.26%	2.811B 15.49%	3.219B 14.51%	3.659B 13.67%	4.129B 12.85%
EBITDA YoY % growth	56.9M -54.19%	23.1M -59.40%	54.7M 136.80%	419.62M 667.13%	501.72M 19.57%	616.76M 22.93%	842.52M 36.60%	1.038B 23.20%	1.254B 20.81%	1.492B 18.98%	1.748B 17.16%
EBIT YoY % growth	5.1M -92.40%	-54.4M -1,166.67%	-34.3M 36.95%	341.29M 1,095.01%	406.8M 19.19%	510.72M 25.55%	528.36M 3.45%	610.98M 15.64%	698.7M 14.36%	792.54M 13.43%	881.28M 11.20%
Operating Margin	0.61%	-5.31%	-2.75%	22.10%	22.93%	25.02%	21.71%	21.74%	21.71%	21.66%	21.34%
EPS YoY % growth	0.49 8.89%	0.26 -46.94%	0.77 196.15%	1.36 76.11%	1.72 26.67%	2.15 25.46%	3.68 70.88%	4.56 23.82%	5.52 21.03%	6.57 19.04%	7.69 17.08%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q4 / 23	Q1 / 24	Q2 / 24	Q3 / 24	Q4 / 24	Q1 / 25	Q2 / 25	Q3 / 25	Q4 / 25
EPS Q2Q % growth	0.33 43.63%	0.45 45.59%	0.42 29.73%	0.44 17.59%	0.42 26.70%	0.54 19.01%	0.51 22.60%	0.55 25.32%	0.51 22.31%
Revenue Q2Q % growth	407.7M 21.30%	436.86M 17.88%	429.74M 17.45%	442.5M 17.22%	461.92M 13.30%	496.41M 13.63%	489.98M 14.02%	511.36M 15.56%	526.62M 14.01%
EBITDA Q2Q % growth	100.58M 5.65%	127.86M 99.78%	121.33M 54.56%	124.82M 8.35%	123.89M 23.18%	156.54M 22.43%	151.07M 24.51%	157.82M 26.44%	149.11M 20.36%
EBIT Q2Q % growth	77.805M 1,154.92%	105.35M 151.43%	99.957M 201.98%	102.84M 230.68%	100.56M 29.25%	133.93M 27.13%	129.32M 29.38%	134.46M 30.75%	125.98M 25.28%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

40.92%

EPS Next 5 Year

42.72%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

17.87%

Revenue Next 5 Year

17.67%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

51.44%

EBIT Next 5 Year

42.35%

→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CERIDIAN HCM HOLDING INC / CDAY Forecast FAQ

What do analysts expect the price target to be for CERIDIAN HCM HOLDING INC (CDAY)?

25 analysts have analysed CDAY and the average price target is 77.9 USD. This implies a price increase of 12.06% is expected in the next year compared to the current price of 69.52.

What is the next earnings date for CDAY stock?

CERIDIAN HCM HOLDING INC (CDAY) will report earnings on 2024-05-01, after the market close.

What are the consensus estimates for CDAY stock next earnings?

The consensus EPS estimate for the next earnings of CERIDIAN HCM HOLDING INC (CDAY) is 0.33 USD and the consensus revenue estimate is 407.70M USD.

What is the consensus rating for CDAY stock?

The consensus rating for CERIDIAN HCM HOLDING INC (CDAY) is 77.6 / 100 . This indicates that analysts generally have a positive outlook on the stock.

Analyst forecast overview

Forecast Snapshot