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Paycor HCM (PYCR)
NASDAQ:PYCR
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.12Last Year’s EPS
0.11Same Quarter Last Year
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2021
|% Change Since: 32.41%
|Next Earnings Date:Aug 31, 2021
Earnings Call Sentiment|Positive
The earnings call presented strong revenue growth, strategic partnerships, and product innovations, leading to improved margins and cash flow. However, challenges such as seasonal cash flow lows and the slow impact of the embedded channel were noted. Overall, the positive aspects significantly outweighed the negatives.Company Guidance
During Paycor's Q1 2025 earnings call, the company reported a 17% year-over-year revenue growth, with recurring revenue rising by 16%. The average number of employees on their platform increased by 5%, while the per employee per month (PEPM) revenue expanded by 11%. They have successfully expanded their client base to approximately 31,000 customers, managing 2.6 million employees. Paycor's embedded HCM solution continues to gain traction, contributing 2 points to employee growth and achieving double-digit partnerships. The company expects total revenues of $726 million to $733 million for fiscal year 2025, reflecting 12% growth, and anticipates adjusted operating income between $127 million to $130 million. These results align with their strategic focus on sales efficiency, product innovation, and cash flow acceleration.Revenue and Growth Metrics
Paycor reported a 17% year-over-year increase in total revenues, reaching $167 million for the quarter. Recurring revenue grew 16%, driven by a 5% increase in average employees on the platform and an 11% increase in PEPM.
Strategic Partnerships and Product Expansion
Paycor signed several new embedded partners, reaching double-digit partnerships. The embedded channel showed growth with average employees per company tripling the current average.
AI and Product Innovations
Paycor launched Paycor Assistant, an AI-powered HR companion. The Paycor Integration Platform was introduced, offering prebuilt connections to over 300 technology partners.
Improved Margins and Free Cash Flow
Adjusted operating income increased over 40% to $23 million with margins of 13.6%, up 250 basis points from last year. Free cash flow margin improved nearly 15 percentage points compared to the prior year.
Positive Market Reception and Industry Accolades
Paycor ranked among the top 5 vendors in Sapient Insights Group's Annual HR Systems rankings and was recognized in Nucleus Research's Top Leader Quadrant for its talent acquisition suite.
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PYCR 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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PYCR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $16.69 | $17.13 | +2.64% |
| Aug 14, 2024 | $12.63 | $13.83 | +9.50% |
| May 08, 2024 | $17.50 | $14.76 | -15.66% |
| Feb 07, 2024 | $19.59 | $20.48 | +4.54% |
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 Paycor HCM (PYCR) report earnings?
Paycor HCM (PYCR) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Paycor HCM (PYCR) earnings time?
Paycor HCM (PYCR) earnings time is at Feb 05, 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 PYCR EPS forecast?
PYCR EPS forecast for the fiscal quarter 2025 (Q2) is 0.12.
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