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

Paycom Software

31/10/2023 21:02

* Paycom Software Inc  PAYC.N  reported quarterly adjusted
earnings of $1.77​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $1.27.The mean expectation of
eighteen analysts for the quarter was for earnings of $1.61 per
share. Wall Street expected results to range from $1.47 
to $1.66 per share.
    * Revenue rose 21.6% to $406.30 million from a year ago;
analysts
expected $411.20 million. 
    * Paycom Software Inc's reported EPS for the quarter was
$1.30​.
    * The company reported quarterly net income of $75.22
million.
    * Paycom Software Inc shares had fallen by 7.4% this
quarter and
lost 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Paycom
Software
Inc is $375.00 

This summary was machine generated from LSEG data October 31 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.61           1.77           Beat
 Jun. 30 2023      1.59           1.62           Beat
 Mar. 31 2023      2.35           2.46           Beat
 Dec. 31 2022      1.49           1.73           Beat