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HR software provider Asure Software (NASDAQ: ASUR) will be reporting earnings this Thursday after market close. Here’s what investors should know.
Asure Software missed analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $30.12 million, up 7.4% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and EBITDA guidance for next quarter missing analysts’ expectations significantly.
This quarter, analysts are expecting Asure Software’s revenue to grow 21.8% year on year to $35.69 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.21 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 Software has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Asure Software’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 16.8%. The stock was down 3.5% on the results.
Investors in the finance and hr software segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Asure Software’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $13.39 (compared to the current share price of $8.20).
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