HR software provider Asure Software (NASDAQ:ASUR) will be announcing earnings results this Thursday after market close. Here’s what to look for.
Asure Software beat analysts’ revenue expectations last quarter, reporting revenues of $39.31 million, up 27.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates.
Is Asure Software a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Asure Software’s revenue to grow 20.2% year on year, improving from the 10.1% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Asure Software has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Asure Software’s peers in the finance and hr software segment, only Paychex has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 19.9%. The stock traded up 3.3% on the results.
Read our full analysis of Paychex’s earnings results here.There has been positive sentiment among investors in the finance and hr software segment, with share prices up 7% on average over the last month. Asure Software is up 10.4% during the same time and is heading into earnings with an average analyst price target of $13.33 (compared to the current share price of $9.22).
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