Paycom Software Continues To See FY24 Total Revenues Of $1.86B-$1.885B, Est $1.872B
Portfolio Pulse from Benzinga Newsdesk
Paycom Software projects FY24 total revenues to be between $1.86B and $1.885B, aligning with an estimated $1.872B. The company also forecasts adjusted EBITDA to range from $720 million to $730 million.
May 01, 2024 | 8:24 pm
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Paycom Software anticipates FY24 revenues of $1.86B-$1.885B, with adjusted EBITDA between $720M-$730M.
The revenue and EBITDA forecasts by Paycom Software are closely aligned with market estimates, indicating a positive outlook for the company's financial performance in FY24. This projection could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100