Earnings To Watch: Asure Software (ASUR) Reports Q2 Results Tomorrow

Radek Strnad /
2022/08/07 6:27 am EDT

Online payroll and human resource software provider Asure (NASDAQ:ASUR) will be reporting earnings tomorrow after market close. Here's what to look for.

Last quarter Asure Software reported revenues of $24.3 million, up 22.8% year on year, beating analyst revenue expectations by 3.26%. It was a mixed quarter for the company, with a decent beat of analyst estimates but an underwhelming revenue guidance for the next quarter.

Is Asure Software buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Asure Software's revenue to grow 17.8% year on year to $20.2 million, slowing down from the 21.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.07 per share.

Asure Software Total Revenue

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 3.56%.

Looking at Asure Software's peers in the HR software segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Paycom Software delivered top-line growth of 30.8% year on year, beating analyst estimates by 2.7% and Ceridian reported revenues up 20.2% year on year, exceeding estimates by 2.27%. Paycom Software traded up 1.69% on the results, and Ceridian was flat on the results. Read our full analysis of Paycom Software's results here and Ceridian's results here.

There has been positive sentiment among investors in the software segment, with the stocks up on average 4.68% over the last month. Asure Software is down 5.15% during the same time, and is heading into the earnings with analyst price target of $11.3, compared to share price of $5.15.

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The author has no position in any of the stocks mentioned.