Paycom Software Expects Q2 Total Revenues Of $434M-$438M, Est $442.133M
Portfolio Pulse from Benzinga Newsdesk
Paycom Software projects its Q2 total revenues to be between $434M-$438M, falling short of the estimated $442.133M. The company also forecasts its adjusted EBITDA to range from $151M to $155M.
May 01, 2024 | 8:21 pm
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Paycom Software's Q2 revenue forecast falls short of expectations, with projected revenues of $434M-$438M versus an estimated $442.133M.
The projected revenue shortfall for Paycom Software in Q2, as compared to analyst estimates, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. This is because revenue forecasts are a critical indicator of a company's future growth potential and financial health. Missing the estimated revenue target may lead investors to reassess the company's growth prospects, potentially resulting in a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100