Labor Market ChallengesResults in the quarter showed a small miss on the key revenue line with growth of ~14% as employment levels at customers declined, echoing weaker employment trends seen at ADP.
Lack Of GuidanceThe company also did not provide guidance for the fourth quarter or full year 2025.
Valuation ConcernsDayforce currently trades at 16.7 times our calendar 2026 EBITDA estimate, which compares with peers at 20.5 times.