Paycom (PAYC) reported earnings 30 days ago. What's next for the stock?
PAYC is growing on the back of its innovative human capital management offerings, offset by competitive and macroeconomic factors.
This HR and payroll software giant is mounting a comeback.
Paycom Software, Inc.'s Q3 earnings report showed decent numbers, but the market's 22% positive reaction was overly optimistic, given modest growth and margin declines. The company reported $451.9M in revenue (+11.2% y/y) and beat analysts' estimates, but efficiency and profitability metrics slightly declined. Paycom's automation features like Beti and GONE are valuable, but broader awareness and aggressive sales efforts are needed to boost revenue growth.
The company posted strong earnings for the third quarter.
Paycom Software (PAYC) shares skyrocketed 21% on Thursday, posting the top daily performance in the S&P 500, after the payroll and human resources software firm reported better-than-expected sales and profits for the third quarter.
Paycom's Q3 results and forward guidance suddenly have investors feeling very bullish again.
Paycom's automated solutions are beloved by its customers, and the results may be starting to show.
Increased sales momentum, international expansion and artificial intelligence integration in products aided PAYC's third-quarter performance.
Paycom Software, Inc. (NYSE:PAYC ) Q3 2024 Results Conference Call October 30, 2024 5:00 PM ET Company Participants James Samford - Head of IR Chad Richison - President & CEO Craig Boelte - CFO Conference Call Participants Raimo Lenschow - Barclays Samad Samana - Jefferies Mark Marcon - Baird Brian Schwartz - Oppenheimer Joshua Riley - Needham Steve Enders - Citi Kevin McVeigh - UBS Devin Au - KeyBanc Arvind Ramnani - Piper Sandler Bhavin Shah - Deutsche Bank Kyle Aberasturi - BMO Operator Good afternoon. My name is Elliot, and I'll be your conference operator today.
Paycom Software (PAYC) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1.77 per share a year ago.
Paycom Software beat Wall Street's quarterly revenue estimates on Wednesday due to higher demand for its employee management services in a robust job market.