Paycom Software (PAYC) Tops Q3 EPS by 15c

Paycom Software (NYSE: PAYC) reported Q3 EPS of $0.70, $0.15 better than the analyst estimate of $0.55. Revenue for the quarter came in at $196.5 million versus the consensus estimate of $192.01 million.

“We had an excellent third quarter and continue to see very strong demand for our differentiated solutions,” said Paycom’s founder and CEO, Chad Richison. “We are putting greater distance between our product’s value proposition and that of our competitors. We believe Paycom is the clear choice for those seeking a more efficient way to manage their Human Capital Management needs. With less than 5% market share today, we believe we have a long runway and are in a very good position to generate strong growth for years to come.”

GUIDANCE:

Paycom Software sees Q4 2020 revenue of $210-214 million, versus the consensus of $212.1 million.

For earnings history and earnings-related data on Paycom Software (PAYC) click here.

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