Earnings results might Drive Its Stock Price Ceridian HCM (NYSE:CDAY)

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Earnings results for Ceridian HCM (NYSE:CDAY)

Ceridian HCM Holding Inc. is expected* to report earnings on 08/04/2021 after market close. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.05. The reported EPS for the same quarter last year was $0.06.

Ceridian HCM last issued its earnings results on May 5th, 2021. The reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $234.50 million for the quarter, compared to analysts’ expectations of $222.63 million. Ceridian HCM has generated $0.14 earnings per share over the last year (($0.22) diluted earnings per share). Earnings for Ceridian HCM are expected to grow in the coming year, from ($0.09) to $0.32 per share. Ceridian HCM has confirmed that its next quarterly earnings report will be published on Wednesday, August 4th, 2021. Ceridian HCM will be holding an earnings conference call on Wednesday, August 4th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Ceridian HCM (NYSE:CDAY)

11 Wall Street analysts have issued ratings and price targets for Ceridian HCM in the last 12 months. Their average twelve-month price target is $101.69, predicting that the stock has a possible upside of 3.22%. The high price target for CDAY is $120.00 and the low price target for CDAY is $78.00. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Ceridian HCM has received a consensus rating of Hold. The company’s average rating score is 2.36, and is based on 5 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $101.69, Ceridian HCM has a forecasted upside of 3.2% from its current price of $98.52. Ceridian HCM has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Ceridian HCM (NYSE:CDAY)

Ceridian HCM does not currently pay a dividend. Ceridian HCM does not have a long track record of dividend growth.

Insiders buying/selling: Ceridian HCM (NYSE:CDAY)

In the past three months, Ceridian HCM insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,142,811.00 in company stock. Only 4.00% of the stock of Ceridian HCM is held by insiders.

Earnings and Valuation of Ceridian HCM (NYSE:CDAY

Earnings for Ceridian HCM are expected to grow in the coming year, from ($0.09) to $0.32 per share. The P/E ratio of Ceridian HCM is -447.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Ceridian HCM is -447.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Ceridian HCM has a P/B Ratio of 6.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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