Published on 4 May 2024 on Simply Wall St. via Yahoo Finance
Earnings Beat: Paycom Software, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating...
Last week, you might have seen that Paycom Software, Inc. (NYSE:PAYC) released its first-quarter result to the market. The early response was not positive, with shares down 9.3% to US$171 in the past week. It looks like a credible result overall - although revenues of US$500m were what the analysts expected, Paycom Software surprised by delivering a (statutory) profit of US$4.37 per share, an impressive 128% above what was forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for Paycom Software
