Online payroll and human resource software provider Paycor (NASDAQ: PYCR) is expected to be reporting results this Tuesday after the bell. Here’s what to look for.
Paycor beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $180.4 million, up 13.1% year on year. It was a satisfactory quarter for the company.
Is Paycor a buy or sell going into earnings? Read our full analysis here, it’s free.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Paycor has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.4% on average.
With Paycor being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for finance and hr software stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. during the same time.
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
