Paylocity (PCTY) Tops Q2 Earnings and Revenue Estimates

Core Viewpoint - Paylocity (PCTY) reported quarterly earnings of $1.52 per share, exceeding the Zacks Consensus Estimate of $1.39 per share, and showing an increase from $1.49 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 9.35%, with the company previously expected to earn $1.39 per share but actually earning $1.66, resulting in a surprise of 19.42% [2] - Paylocity's revenues for the quarter ended December 2024 were $376.98 million, surpassing the Zacks Consensus Estimate by 2.77%, compared to $326.36 million in the same quarter last year [3] - The company has consistently exceeded consensus EPS and revenue estimates over the last four quarters [2][3] Stock Performance - Paylocity shares have increased approximately 4.8% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.04 on revenues of $434.29 million, and for the current fiscal year, it is $6.53 on revenues of $1.54 billion [8] - The Internet - Software industry, to which Paylocity belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook for the sector [9]