Online payroll and human resource software provider Asure (NASDAQ:ASUR) will be reporting earnings today after market. Here's what investors should know.
Last quarter Asure reported revenues of $17.9 million, up 12.2% year on year, beating analyst revenue expectations by 4.24%. It was an impressive quarter for the company, with a very optimistic guidance for the next quartesr and a full year guidance beating analysts' expectations.
Is Asure buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Asure's revenue to grow 25.9% year on year to $20.6 million, improving on the 6.64% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 3.66%.
Looking at Asure's peers in the HR software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Paycor delivered top-line growth of 20% year on year, beating analyst estimates by 3.56% and Paycom Software reported revenues up 28.9% year on year, exceeding estimates by 3.31%. Paycor traded up 3.9% on the results, Paycom Software was up 5.7%. Read our full analysis of Paycor's results here and Paycom Software's results here.
The whole tech sector has been facing a sell-off since late last year and software stocks have not been spared, with share price down on average 18% over the last month. Asure Software is down 3.35% during the same time, and is heading into the earnings with analyst price target of $13, compared to share price of $6.91.
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The author has no position in any of the stocks mentioned.