Online payroll and human resource software provider Asure (NASDAQ: ASUR) will be announcing earnings results this Thursday after market hours. Here’s what investors should know.
Asure beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $34.85 million, up 10.1% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but EBITDA guidance for next quarter missing analysts’ expectations significantly.
Is Asure a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Asure’s revenue to grow 11% year on year to $31.14 million, a reversal from the 7.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Asure has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Asure’s peers in the finance and hr software segment, only Paychex has reported results so far. It missed analysts’ revenue estimates by 1.1%, delivering year-on-year sales growth of 10.2%. The stock was down 7.4% on the results.
Read our full analysis of Paychex’s earnings results here.There has been positive sentiment among investors in the finance and hr software segment, with share prices up 2.4% on average over the last month. Asure is up 2.6% during the same time and is heading into earnings with an average analyst price target of $14.40 (compared to the current share price of $10.01).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
