Paylocity Holding (PCTY) Tops Q3 EPS by 24c, Beats on Revenues; Offers FY18 Revenues Above Consensus

Paylocity Holding (NASDAQ: PCTY) reported Q3 EPS of $0.71, $0.24 better than the analyst estimate of $0.47. Revenue for the quarter came in at $113.4 million versus the consensus estimate of $110.77 million.

Business Outlook Based on information available as of May 3, 2018, Paylocity is issuing guidance for the fourth quarter and full fiscal year 2018 as indicated below.

Fourth Quarter 2018:

• Total revenue is expected to be in the range of $92.6 million to $93.6 million.
• Adjusted EBITDA is expected to be in the range of $14.0 million to $15.0 million.

Fiscal Year 2018:

• Total revenue is expected to be in the range of $373.5 million to $374.5 million.
• Adjusted EBITDA is expected to be in the range of $79.6 million to $80.6 million.

GUIDANCE:

Paylocity Holding sees FY2018 revenue of $373.5-374.5 million, versus the consensus of $370.62 million.

For earnings history and earnings-related data on Paylocity Holding (PCTY) click here.

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