Quarterly earnings results are a good time to check in on a company’s progress, especially compared to other peers in the same sector. Today we are looking at Marqeta (NASDAQ:MQ), and the best and worst performers in the finance and HR software group.
Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software.
The 17 finance and HR software stocks we track reported a solid Q4; on average, revenues beat analyst consensus estimates by 5.66%, while on average next quarter revenue guidance was 2.56% above consensus. Technology stocks have been hit hard on fears of higher interest rates , but finance and HR software stocks held their ground better than others, with the share price up 3.52% since earnings, on average.
Best Q4: Marqeta (NASDAQ:MQ)
Founded by CEO Jason Gardner in 2009, Marqeta (NASDAQ: MQ) is an innovative card issuer that provides companies with the ability to issue and process virtual, physical, and tokenized credit and debit cards.
Marqeta reported revenues of $155.4 million, up 76.2% year on year, beating analyst expectations by 12.7%. It was an incredible quarter for the company, with a significant improvement in gross margin and an impressive beat of analyst estimates.
The stock is up 9.89% since the results and currently trades at $11.77.
Is now the time to buy Marqeta? Access our full analysis of the earnings results here, it's free.
Started by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, Bill.com (NYSE:BILL) is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses.
Bill.com reported revenues of $156.4 million, up 189% year on year, beating analyst expectations by 19.3%. It was a stunning quarter for the company, with an impressive beat of analyst estimates and a very optimistic guidance for the next quarter.
Bill.com scored the fastest revenue growth among its peers. The company added 8,200 customers to a total of 135,000. The stock is up 23.2% since the results and currently trades at $209.44.
Is now the time to buy Bill.com? Access our full analysis of the earnings results here, it's free.
Weakest Q4: Coupa (NASDAQ:COUP)
Founded in 2006 by former Oracle executives, Coupa Software (COUP) is a software as a service platform that helps enterprises manage their spending across procurement, billing and business expenses and get a better visibility into how the money is spent.
Coupa reported revenues of $193.2 million, up 18.1% year on year, beating analyst expectations by 3.82%. It was a weaker quarter for the company, with revenue guidance missing analysts' expectations for both the full year and the next quarter.
Coupa had the weakest full year guidance update in the group. The stock is up 17.2% since the results and currently trades at $105.38.
Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments.
Flywire reported revenues of $51.3 million, up 54.6% year on year, beating analyst expectations by 24.8%. It was a strong quarter for the company, with an impressive beat of analyst estimates and guidance for the full year above analysts' expectations.
Flywire achieved the strongest analyst estimates beat and highest full year guidance raise among the peers. The stock is up 15.3% since the results and currently trades at $30.33.
Found in 1990 in Cincinnati, Ohio Paycor (NASDAQ: PYCR), provides software for small businesses to manage their payroll and HR needs in one place.
Paycor reported revenues of $103 million, up 20% year on year, beating analyst expectations by 3.56%. It was a solid quarter for the company, with a very optimistic guidance for the next quarter.
The stock is up 21.9% since the results and currently trades at $30.57.
The author has no position in any of the stocks mentioned