DA Davidson Weighs in on Ceridian HCM Holding Inc.s FY2023 Earnings
CDAYDelisted Stock | USD 68.42 0.65 0.94% |
Slightly above 62% of Ceridian HCM's investor base is looking to short. The analysis of current outlook of investing in Ceridian HCM Holding suggests that many traders are alarmed regarding Ceridian HCM's prospects. Ceridian HCM's investing sentiment can be driven by a variety of factors including economic data, Ceridian HCM's earnings reports, geopolitical events, and overall market trends.
Ceridian |
Ceridian HCM Holding Inc. Analysts at DA Davidson issued their FY2023 earnings per share estimates for Ceridian HCM in a research report issued on Thursday, November 2nd. DA Davidson analyst R. Simmons anticipates that the company will post earnings per share of 0.58 for the year. The consensus estimate
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Ceridian HCM Fundamental Analysis
We analyze Ceridian HCM's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ceridian HCM using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ceridian HCM based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Debt
Total Debt Comparative Analysis
Ceridian HCM is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Ceridian HCM Holding Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ceridian HCM stock to make a market-neutral strategy. Peer analysis of Ceridian HCM could also be used in its relative valuation, which is a method of valuing Ceridian HCM by comparing valuation metrics with similar companies.
Peers
Ceridian HCM Related Equities
ETWO | E2open Parent | 5.20 | ||||
CVLT | CommVault Systems | 4.24 | ||||
AGYS | Agilysys | 2.82 | ||||
CWAN | Clearwater Analytics | 2.39 | ||||
ENFN | Enfusion | 2.23 | ||||
PCTY | Paylocity Holdng | 2.13 | ||||
ALKT | Alkami Technology | 1.71 | ||||
MANH | Manhattan Associates | 1.49 | ||||
PYCR | Paycor HCM | 1.09 | ||||
ANSS | ANSYS | 0.69 | ||||
GWRE | Guidewire Software | 0.55 | ||||
AZPN | Aspen Technology | 0.40 | ||||
ROP | Roper Technologies, | 0.17 | ||||
PAYC | Paycom Soft | 1.74 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Consideration for investing in Ceridian Stock
If you are still planning to invest in Ceridian HCM Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ceridian HCM's history and understand the potential risks before investing.
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