Is a Beat in Store for Paycom (PAYC) This Earnings Season?

Paycom Software (PAYC) is scheduled to report second-quarter 2024 results after market close on Jul 31. PAYC projects revenues between $434 million and $438 million for the second quarter. The Zacks Consensus Estimate for revenues is pegged at $436.2 million, indicating an increase of 8.7% year over year. The consensus mark for earnings is pegged at $1.58 per share, suggesting a 2.5% decline from the prior-year quarter. Paycom estimates adjusted EBITDA in the range of $151-$155 million in the quarter to be ...