Paycom Software Inc reports results for the quarter ended in September 30 - Earnings Summary

Paycom Software

31/10/2024 02:58

* Paycom Software Inc  PAYC.N  reported quarterly adjusted
earnings of $1.67​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $1.77.  The mean expectation of
nineteen analysts for the quarter was for earnings of $1.61 per
share. Wall Street expected results to range from $1.55 
to $1.69 per share.
    * Revenue rose 11.2% to $451.93 million from a year ago;
analysts
expected $446.95 million. 
    * Paycom Software Inc's reported EPS for the quarter was
$1.31​.
    * The company reported quarterly net income of $73.28
million.
    * Paycom Software Inc shares had risen by 0.6% this
quarter and
lost 19.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 18
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Paycom Software
Inc is $178.75 
This summary was machine generated from LSEG data October 31 at
02:58 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.61           1.67           Beat
 Jun. 30 2024      1.60           1.62           Beat
 Mar. 31 2024      2.45           2.59           Beat
 Dec. 31 2023      1.78           1.93           Beat