Paycom Software Q3 EPS $1.77 Beats $1.61 Estimate, Sales $406.30M Miss $411.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paycom Software (NYSE:PAYC) reported Q3 earnings of $1.77 per share, beating the analyst consensus estimate of $1.61 by 9.94%. This is a 39.37% increase from the same period last year. However, the company's quarterly sales of $406.30 million missed the analyst consensus estimate of $411.18 million by 1.19%, but still showed a 21.59% increase from the same period last year.
October 31, 2023 | 8:06 pm
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Paycom Software's Q3 earnings beat estimates but sales missed. Earnings per share were $1.77, up 39.37% YoY, while sales were $406.30M, up 21.59% YoY but below estimates.
Paycom Software's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The net effect on the stock price could be neutral in the short term as the market weighs the positive earnings against the missed sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100