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Sohini Mondal

Earnings Preview: What To Expect From Paycom Software's Report

PAYC Paycom Software Paycom

With a market cap of $9.6 billion, Paycom Software, Inc. (PAYC) provides cloud-based human capital management (HCM) solutions for small to mid-sized businesses in the U.S. Its platform integrates payroll, HR, and talent management functions, streamlining workforce management from recruitment to retirement. The Oklahoma City, Oklahoma-based company is expected to announce its Q3 earnings after the market closes on Wednesday, Oct. 30.

Ahead of the event, analysts expect the human resources and payroll software maker to report a profit of $1.22 per share, down 7.6% from $1.32 per share reported in the year-ago quarter. However, the company has consistently surpassed Wall Street’s EPS projections in the past four quarters. In the most recent quarter, PAYC exceeded the consensus estimates by 6.2%.

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