Paylocity Holding (NASDAQ: PCTY) will be releasing its next round of earnings Thursday. For all of the relevant information, here is your guide for Thursday's Q3 earnings announcement.
Earnings and Revenue
Analysts expect Paylocity Holding earnings of 47 cents per share. Revenue will likely be around $110.7 million, according to the consensus estimate.
Paylocity Holding EPS in the same period a year ago totaled 40 cents. Revenue was $90.2 million. If the company were to match the consensus estimate when it reports Thursday, earnings would be up 17.50 percent. Sales would be up 22.71 percent from the year-ago period. Paylocity Holding's reported EPS has stacked up against analyst estimates in the past like this:
|Quarter||Q2 2018||Q1 2018||Q4 2017||Q3 2017|
For a full 12 months, the return has risen by 31.37 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Paylocity Holding stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
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