Online payroll and human resource software provider Paycor (NASDAQ:PYCR) will be reporting earnings tomorrow after market close. Here's what to expect.
Last quarter Paycor reported revenues of $92.7 million, up 17.2% year on year, beating analyst revenue expectations by 2.93%. It was a solid quarter for the company, with a strong sales guidance for the next quarter and a decent beat of analyst estimates.
Is Paycor buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Paycor revenue to grow 13.3% year on year to $97.2 million, Earnings are expected to come in at $0.04 per share.
Looking at Paycor's peers in the finance and HR software segment, only Paychex has so far reported results, delivering top-line growth of 12.6% year on year, and beating analyst estimates by 4.63%. The stock traded up 6.16% on results. Read our full analysis of Paychex's earnings results here.
Tech stocks have been facing declining investor sentiment in 2022 and while some of the finance and HR software stocks have fared somewhat better, they have not been spared, with share price declining 8.92% over the last month. Paycor HCM is down 7.67% during the same time, and is heading into the earnings with analyst price target of $36.6, compared to share price of $25.73.
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The author has no position in any of the stocks mentioned.