Surging Earnings Estimates Suggest Potential Upside for Ceridian (CDAY) Stock

Ceridian (CDAY) has seen its earnings estimates for the current quarter and the current year surge over the past 30 days. This suggests that analysts are becoming more bullish on the stock, which could lead to potential upside in the near future.

Recent Earnings Estimate Trends

Ceridian’s earnings estimates for the current quarter and the current year have seen an impressive surge over the past 30 days. The consensus estimate for the current quarter has increased from $0.30 to $0.37, while the consensus estimate for the current year has increased from $1.45 to $1.62. This suggests that analysts are becoming more bullish on the stock, which could lead to potential upside in the near future.

Valuation Metrics

Ceridian’s stock is currently trading at a price-to-earnings (P/E) ratio of 24.3, which is higher than the industry average of 20.5. This suggests that the stock is relatively expensive compared to its peers. Additionally, the stock has a price-to-book (P/B) ratio of 4.6, which is also higher than the industry average of 3.4.

Share Price Performance

Ceridian’s stock has been on a strong uptrend over the past year, gaining more than 60%. This suggests that investors are becoming increasingly bullish on the stock, which could lead to further upside in the near future.

Summary

Ceridian (CDAY) has seen its earnings estimates for the current quarter and the current year surge over the past 30 days. This suggests that analysts are becoming more bullish on the stock, which could lead to potential upside in the near future. Additionally, the stock has been on a strong uptrend over the past year, gaining more than 60%. #Ceridian #CDAY #EarningsEstimates #Upside #StockMarket #Investing