Paycom Software, Inc. (NYSE:PAYC) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PAYC to report 3Q20 income of $ 0.55 per share.
For the full year, analysts anticipate top line of $ 828.16 million, while looking forward to income of $ 3.28 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 191.00 million ~ $ 193.00 million
Full Year 2020 topline are forecasted in a range of$ 911.00 million ~ $ 913.00 million
Click Here For More Historical Outlooks Of Paycom Software, Inc.
Previous Quarter Performance
Paycom Software, Inc. disclosed income for the second quarter of $ 0.62 per share, from the revenue of $ 181.59 million. The quarterly earnings shrunk 17.33 percent while revenues boosted 10.79 percent compared with the same quarter last year. The top line results fell short of analysts by $ 2.29 million or 1.25 percent.
Stock Performance
Shares of Paycom Software, Inc. traded up $ 8.54 or 2.37 percent on Tuesday, reaching $ 369.14 with volume of 323.70 thousand shares. Paycom Software, Inc. has traded high as $ 372.62 and has cracked $ 363.48 on the downward trend
According to the previous trading day, closing price of $ 369.14, representing a 120.66 % increase from the 52 week low of $ 163.42 and a 9.29 % decrease over the 52 week high of $ 397.51.
The company has a market capital of $ 21.61 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Barclays at Equal-Weight rating, with $ 350.00 target price.
- On 8th October 2020, maintained by Oppenheimer at Outperform rating, with $ 405.00 target price.
- On 2nd October 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
- On 16th September 2020, initiated by Cowen at Outperform rating, with $ 325.00 target price.
Conference Call
Paycom Software, Inc. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.paycom.com
Paycom Software, Inc. provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.
