Subtext

Dayforce Inc. DAY

SectorIndustrials
Transcripts21
Date range2020-05-06 – 2025-05-07
Calls charted20

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-15-8+0+8+152020 Q12020 Q42021 Q32022 Q32023 Q22024 Q12024 Q42020 Q1 · Overall: -0.82020 Q2 · Overall: -1.62020 Q3 · Overall: +9.22020 Q4 · Overall: +6.42021 Q1 · Overall: +12.12021 Q2 · Overall: +8.02021 Q3 · Overall: +7.22022 Q1 · Overall: +12.82022 Q2 · Overall: +7.32022 Q3 · Overall: +7.42022 Q4 · Overall: +9.92023 Q1 · Overall: +10.42023 Q2 · Overall: +13.42023 Q3 · Overall: +12.92023 Q4 · Overall: +9.32024 Q1 · Overall: +7.62024 Q2 · Overall: +12.82024 Q3 · Overall: +8.12024 Q4 · Overall: +11.92025 Q1 · Overall: +10.8
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-28-14+0+14+282020 Q12020 Q42021 Q32022 Q32023 Q22024 Q12024 Q42020 Q1 · CEO: +2.92020 Q2 · CEO: +7.92021 Q2 · CEO: +15.32021 Q3 · CEO: +8.02023 Q3 · CEO: +15.22023 Q4 · CEO: +17.42024 Q1 · CEO: +10.32024 Q2 · CEO: +17.82024 Q3 · CEO: +11.92024 Q4 · CEO: +19.42025 Q1 · CEO: +19.42021 Q2 · CFO: +5.82021 Q3 · CFO: +24.42022 Q2 · CFO: +13.02022 Q3 · CFO: +6.92023 Q2 · CFO: +23.32023 Q3 · CFO: +13.92023 Q4 · CFO: +9.32024 Q1 · CFO: +14.32024 Q2 · CFO: +4.52024 Q3 · CFO: +9.92024 Q4 · CFO: +11.32025 Q1 · CFO: +6.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-51-26+0+26+512020 Q12020 Q42021 Q32022 Q32023 Q22024 Q12024 Q42020 Q1 · Prepared remarks: +44.42020 Q2 · Prepared remarks: +15.22020 Q3 · Prepared remarks: +9.32020 Q4 · Prepared remarks: +6.42021 Q1 · Prepared remarks: +12.12021 Q2 · Prepared remarks: +8.02021 Q3 · Prepared remarks: +7.32022 Q1 · Prepared remarks: +12.82022 Q2 · Prepared remarks: +7.32022 Q3 · Prepared remarks: +7.42022 Q4 · Prepared remarks: +12.62023 Q1 · Prepared remarks: +10.42023 Q2 · Prepared remarks: +13.52023 Q3 · Prepared remarks: +12.92023 Q4 · Prepared remarks: +9.42024 Q1 · Prepared remarks: +7.62024 Q2 · Prepared remarks: +14.92024 Q3 · Prepared remarks: +14.42024 Q4 · Prepared remarks: +17.82025 Q1 · Prepared remarks: +10.12020 Q1 · Q&A responses: +1.62020 Q2 · Q&A responses: +2.52022 Q4 · Q&A responses: +8.32024 Q2 · Q&A responses: +12.32024 Q3 · Q&A responses: +10.62024 Q4 · Q&A responses: +12.82025 Q1 · Q&A responses: +15.4
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.31$1.23$2.142020 Q12020 Q42021 Q32022 Q32023 Q22024 Q12024 Q42020 Q1: $0.542020 Q2: $0.462020 Q3: $0.522020 Q4: $0.602021 Q1: $0.472021 Q2: $0.442021 Q3: $0.472022 Q1: $0.452022 Q2: $0.572022 Q3: $0.762022 Q4: $0.942023 Q1: $1.342023 Q2: $1.422023 Q3: $1.532023 Q4: $1.692024 Q1: $1.752024 Q2: $1.822024 Q3: $2.02

Forward P/E

10.68128.56246.442020 Q12020 Q42021 Q32022 Q32023 Q22024 Q12024 Q42020 Q1: 81.762020 Q2: 166.832020 Q3: 151.482020 Q4: 161.852021 Q1: 187.392021 Q2: 194.802021 Q3: 230.182022 Q1: 141.962022 Q2: 82.822022 Q3: 80.952022 Q4: 73.562023 Q1: 51.152023 Q2: 46.522023 Q3: 48.452023 Q4: 41.062024 Q1: 38.782024 Q2: 26.942024 Q3: 29.33

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2020 Q4 tone ↓ -2.9 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↑ +5.7 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↑ +5.5 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2022 Q2 tone ↓ -5.4 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -3.5 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -4.7 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-07+10.8——View →
2024 Q42025-02-05+11.9——View →
2024 Q32024-10-30+8.1$2.0229.3View →
2024 Q22024-07-31+12.8$1.8226.9View →
2024 Q12024-05-01+7.6$1.7538.8View →
2023 Q42024-02-07+9.3$1.6941.1View →
2023 Q32023-11-01+12.9$1.5348.5View →
2023 Q22023-08-02+13.4$1.4246.5View →