Preview: Paycom Software's Earnings
Portfolio Pulse from Benzinga Insights
Paycom Software (NYSE:PAYC) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $1.61. The company's past performance shows a trend of share price drops following earnings reports, with a 19.19% drop after the last quarter's report. The company's shares are currently trading at $240.34, down 30.18% over the last 52-week period.
October 30, 2023 | 6:01 pm
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Paycom Software is expected to report an EPS of $1.61 in its upcoming earnings. The company's stock has historically dropped following earnings reports, and is currently down 30.18% over the last 52 weeks.
The company's stock has shown a trend of dropping following earnings reports, with a significant 19.19% drop after the last quarter's report. Given this trend and the fact that the stock is down 30.18% over the last 52 weeks, it is likely that the stock will continue to drop in the short term, especially if the company does not beat the estimated EPS of $1.61.
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