Recap: Paycor HCM Q1 Earnings
Portfolio Pulse from Benzinga Insights
Paycor HCM (NASDAQ:PYCR) reported its Q1 earnings results, beating estimated earnings by 75.0% with an EPS of $0.07 versus an estimate of $0.04. Revenue was up $25.29 million from the same period last year. Last quarter, the company also beat EPS estimates, but this was followed by a 4.2% drop in the share price the next day.
November 08, 2023 | 9:31 pm
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Paycor HCM beat Q1 earnings estimates by 75%, reporting an EPS of $0.07. However, a similar beat last quarter led to a 4.2% drop in share price.
While Paycor HCM's Q1 earnings beat is a positive sign, the company's stock price dropped after a similar beat last quarter. This suggests that despite strong earnings, other factors may be influencing investor sentiment towards the company. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100