Online payroll and human resource software provider Asure (NASDAQ:ASUR) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.
Asure met analysts’ revenue expectations last quarter, reporting revenues of $30.79 million, up 17.2% year on year. It was a slower quarter for the company, with EBITDA guidance for next quarter missing analysts’ expectations.
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 8.2% year on year to $34.25 million, a reversal from the 4.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.
Analysts covering the company have generally 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 met analysts’ revenue estimates, delivering year-on-year sales growth of 4.8%. The stock traded up 5.4% on the results.
Read our full analysis of Paychex’s earnings results here.Investors in the finance and hr software segment have had steady hands going into earnings, with share prices flat over the last month. Asure is up 5.1% during the same time and is heading into earnings with an average analyst price target of $14.33 (compared to the current share price of $10.06).
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