Online payroll and human resource software provider Dayforce (NYSE:DAY) will be reporting earnings tomorrow before market open. Here’s what to expect.

Dayforce beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $423.3 million, up 15.7% year on year. It was a slower quarter for the company, with a decline in its gross margin and decelerating customer growth. It added 82 customers to reach a total of 6,657.

Is Dayforce a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Dayforce’s revenue to grow 13.4% year on year to $428.3 million, slowing from the 19.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.42 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dayforce has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2% on average.

Looking at Dayforce’s peers in the finance and HR software segment, only Paychex has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 2.5%. The stock traded up 4.9% on the results.

There has been positive sentiment among investors in the finance and HR software segment, with share prices up 3.6% on average over the last month. Dayforce is up 6.3% during the same time and is heading into earnings with an average analyst price target of $50.68 (compared to the current share price of $65.11).

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