Earnings Preview For Paylocity Holding
Portfolio Pulse from Benzinga Insights
Paylocity Holding (NASDAQ:PCTY) is scheduled to release its quarterly earnings report on February 8, 2024, with an expected EPS of $1.28. Investors are hopeful for a beat on this estimate and positive future guidance. Historically, Paylocity's stock price has reacted negatively to past earnings, with a 15.48% drop after last quarter's earnings beat. Shares are currently trading at $166.18, down 25.15% over the last year.
February 07, 2024 | 2:01 pm
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Paylocity Holding is expected to report an EPS of $1.28 for the upcoming quarter. Historical data shows negative stock price reactions to past earnings, with a significant 25.15% decline over the last year.
Given Paylocity's history of negative stock price reactions to earnings reports, despite beating EPS estimates, the short-term impact is uncertain. The stock's performance could hinge on whether the company beats the EPS estimate and provides positive future guidance. However, the consistent negative reaction in the past suggests a cautious outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100