Paycom (PAYC) Prepares for Earnings Release
Company Overview:
Paycom, a provider of online payroll and human resource software, is set to disclose its quarterly earnings results tomorrow after the market close.
Analyst Expectations:
For this quarter, analysts anticipate a moderate revenue growth of 10.7% year-over-year, reaching $481.2 million. Adjusted earnings per share are projected to be $1.97.
Historical Performance:
In its previous quarter, Paycom exceeded revenue projections by 1.1%, reporting $451.9 million. The company also outperformed EBITDA estimates and raised its full-year EBITDA guidance above analysts' expectations.
Analyst Sentiment:
Analysts generally maintain their estimates for Paycom, suggesting a conservative outlook heading into the earnings announcement.
Peer Comparisons:
Recent Q4 results from peer companies in the HR software segment provide insights into potential trends:
* Paycor: Revenue growth of 13.1%, exceeding estimates by 1.9%.
* Paylocity: Revenue increase of 15.5%, outperforming expectations by 2.7%.
Market Sentiment:
The HR software sector has seen positive sentiment, with stock prices rising an average of 11.4% over the past month. Paycom's shares have appreciated by 2% during this period.
Analyst Price Target:
Paycom's average analyst price target currently stands at $217.68, higher than the current share price of $204.76.