Earnings Outlook For Paycom Software
Portfolio Pulse from Benzinga Insights
Paycom Software (NYSE:PAYC) is anticipated to release its quarterly earnings report on 2024-02-07, with analysts expecting an EPS of $1.78. The focus will be on whether PAYC beats this estimate and provides positive future guidance. Historically, Paycom's stock price has shown significant volatility post-earnings, with a notable 38.49% drop after last quarter's results despite beating EPS estimates. Over the last year, PAYC shares have declined by 38.48%, indicating potential investor concern ahead of this earnings announcement.
February 06, 2024 | 7:02 pm
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Paycom Software is expected to report quarterly earnings with an anticipated EPS of $1.78. Historical data shows significant stock price volatility post-earnings, with a 38.49% drop after last quarter despite beating EPS estimates. Shares have declined 38.48% over the past year.
Given Paycom Software's history of significant stock price movements post-earnings and the overall negative performance over the past year, there is a high likelihood of continued volatility. The anticipation around beating the EPS estimate and providing positive guidance could influence short-term stock performance. However, the historical trend of price drops following earnings beats suggests investor sentiment may not be entirely positive, leading to a potential short-term decrease in stock price.
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