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Asure (ASUR) To Report Earnings Tomorrow: Here Is What To Expect

ASUR Cover Image

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

Asure missed analysts’ revenue expectations by 6% last quarter, reporting revenues of $29.3 million, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA estimates.

Is Asure a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Asure’s revenue to grow 17.7% year on year to $30.9 million, a reversal from the 10.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Asure Total Revenue

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. Asure has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Asure’s peers in the hr software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Paycor delivered year-on-year revenue growth of 13.1%, beating analysts’ expectations by 1.9%, and Paylocity reported revenues up 15.5%, topping estimates by 2.7%. Paycor’s stock price was unchanged after the results, while Paylocity was down 2.8%.

Read our full analysis of Paycor’s results here and Paylocity’s results here.

Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The U.S. Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the hr software stocks have shown solid performance, the group has generally underperformed, with share prices down 10.9% on average over the last month. Asure is down 16.5% during the same time and is heading into earnings with an average analyst price target of $14 (compared to the current share price of $9.98).

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