Paycom Software (PAYC) Tops Q1 Earnings and Revenue Estimates

By Zacks2 days ago

Paycom Software (PAYC) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 3.52%. A quarter ago, it was expected that this maker of human-resources and payroll software would post earnings of $0.81 per share when it actually produced earnings of $0.84, delivering a surprise of 3.70%.

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Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Paycom, which belongs to the Zacks Internet - Software industry, posted revenues of $272.2 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $242.37 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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