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Paylocity (PCTY)
NASDAQ:PCTY
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.42Last Year’s EPS
1.49Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 11.87%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call for Paylocity reflected a strong start to fiscal '25 with notable revenue growth, successful acquisition integration, and positive market recognition. While there are some concerns regarding the dilutive impact of the Airbase acquisition and interest rate changes, the overall financial performance and strategic initiatives present a positive outlook.Company Guidance
During the Paylocity earnings call for Q1 2025, the company provided guidance that reflects its strong start to the fiscal year and the impact of its recent acquisition of Airbase. Paylocity reported total revenue of $363 million, a 14.3% increase from Q1 2024, and adjusted EBITDA of $129 million, or a 35.5% margin. The company raised its fiscal year guidance, with recurring and other revenue now expected to be between $1.427 billion and $1.442 billion, representing approximately 12% growth. Total revenue is forecasted to be between $1.535 billion and $1.550 billion, reflecting approximately 10% growth. The adjustment in guidance includes the anticipated 1% revenue contribution from Airbase, which is expected to dilute adjusted EBITDA margin by about 100 basis points this fiscal year. Additionally, Paylocity estimates its average daily balance of client funds will be approximately $2.75 billion for the full year, with an average yield of around 390 basis points, contributing approximately $108 million in interest income. The guidance also factors in expected interest rate cuts totaling 150 basis points over the fiscal year.Strong Revenue Growth
Total revenue was $363 million, representing a 14.3% growth over Q1 of last year, driven by a recurring and other revenue growth of 14.2%.
Successful Acquisition
Paylocity completed the acquisition of Airbase, a modern finance and spend management software solution, expected to enhance their HCM platform.
Recognition and Awards
Paylocity was named an overall leader in 10 HCM product categories in G2's fall 2024 grid reports, marking 24 straight quarters of leading the HCM pack.
Strong Adjusted EBITDA
Adjusted EBITDA for the first quarter was $129 million, or a 35.5% margin, exceeding expectations and representing 250 basis points of leverage over the previous year.
Positive Market Response
The company's AI initiatives and Elevate Client Conference received positive feedback, enhancing their position as an HCM industry leader.
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PCTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $178.16 | $184.57 | +3.60% |
| Aug 01, 2024 | $148.23 | $158.09 | +6.65% |
| May 02, 2024 | $149.60 | $167.63 | +12.05% |
| Feb 08, 2024 | $171.91 | $166.13 | -3.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paylocity (PCTY) report earnings?
Paylocity (PCTY) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Paylocity (PCTY) earnings time?
Paylocity (PCTY) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCTY EPS forecast?
PCTY EPS forecast for the fiscal quarter 2025 (Q2) is 1.42.
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