Paylocity Q2 Revenue Up 11% to $444.7 Million, Beating Estimates

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Paylocity reported Q2 revenues of $444.7 million, up 11% year on year and 3.1% above analysts' consensus estimates, as the four HR software stocks tracked by the report beat revenue expectations by 1.7% as a group while next quarter's revenue guidance came in line. Paylocity posted the highest guidance raise but the weakest full-year guidance update in the group, and its stock is flat since reporting at $142.09. Paycom delivered the best quarter of the cohort with revenues of $531.2 million, up 9.8% year on year and 3.5% ahead of expectations, alongside the biggest analyst estimate beat and highest full-year guidance raise among peers, sending its stock up 25.5% to $219.31. Asure Software was the weakest performer, reporting revenues of $37.11 million, up 23.2% year on year and in line with expectations, but posting a significant miss on billings estimates and the weakest guidance update in the group, with its stock flat at $8.36. Paychex reported revenues of $1.61 billion, up 12.5% year on year, meeting expectations, and its stock is up 17.1% since reporting at $114.79. HR software stocks have risen 10.4% on average since the latest earnings results.

Impact on stocks 4

Cloud & Digital Infrastructure± Mixed · 3 stocks
Asure Software Inc
ASUR
▼ NegativeCapitalrelevance

Asure was the weakest performer, with a significant miss on billings estimates and the weakest guidance update in the group.

Paycom Software, Inc.
PAYC
▲ PositiveCapitalrelevance

Paycom delivered the best quarter of the cohort with the biggest analyst estimate beat and highest full-year guidance raise among peers.

Paychex Inc
PAYX
▲ PositiveCapitalrelevance

Paychex reported revenues up 12.5% year on year, meeting expectations, with its stock up 17.1% since reporting.

Information Technology · 1 stocks
Paylocity Holding Corporation
PCTY
▲ PositiveCapitalrelevance

Paylocity's Q2 revenue rose 11% to $444.7 million, beating consensus estimates, though it posted the weakest full-year guidance update in the group.