Paycor HCM drops after downbeat Q1 revenue forecast, PT cuts

Paycor HCM

17/08/2023 17:12

** Shares of human capital management software provider
Paycor HCM  PYCR.O  fall 7.6% to $21.12
    ** Company late on Wednesday said it expects revenue of $138
mln to $140 mln for the quarter ending September
    ** Analysts' on average estimate Q1 revenue of $142.50 mln -
Refinitiv
    ** Analysts at J.P.Morgan, UBS and Citigroup, among others,
cut PTs on stock after Q4 results
    ** J.P.Morgan cuts PT to $23 from $26, whereas Citigroup
cuts PT to $26 from $28
    ** PYCR shares down 13% YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))