The IBD SmartSelect Composite Rating for Dayforce rose from 94 to 97 Friday.
The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Dayforce broke out earlier, but is now about 1% below the prior 73.04 entry from a consolidation. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point.
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The stock sports a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 27% earnings growth. Sales growth climbed 17%, up from 16% in the prior quarter. That marks one quarter of accelerating revenue gains.
Dayforce holds the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Smartsheet and Klaviyo are among the top 5 highly-rated stocks within the group.
