Paycom Software Inc expected to post earnings of $2.45 a share - Earnings Preview

Paycom Software

29/04/2024 22:06

* Paycom Software Inc  PAYC.N   PAYC.K  is expected to show
a rise
in quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Oklahoma City Oklahoma-based  company is expected to
report
a 9.8% increase in revenue to $495.838 million from $451.64
million a year ago, according to the mean estimate from 18
analysts, based on LSEG data.The company's guidance on February
7 2024, for the period ended March 31, was for revenue between
$494.00 million and $497.00 million.
    * ​LSEG's mean analyst estimate for Paycom Software Inc is
for
earnings of $2.45 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 18
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Paycom
Software
Inc is $196.00​, above​ its last closing price of $193.19. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD494 million and USD222 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.81        1.78       1.93      Beat    8.4
 Sep. 30 0001  1.60        1.61       1.77      Beat    10.2
 Jun. 30 2023  1.60        1.59       1.62      Beat    1.6​
 Mar. 31 2023  2.37        2.35       2.46      Beat    4.5
 ​​Dec.        1.52        1.49       1.73      Beat    16.3
 31 2022                                                
 Sep. 30 2022  1.19        1.18       1.27      Beat    7.4​
 Jun. 30 2022  1.12        1.12       1.26      Beat    12.7
 Jan. 1 0001   1.75        1.75       1.90      Beat    8.6
 This summary was machine generated April 29 at 21:06 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)