Paycor's Cloud Strength Vs. Macroeconomic Challenges: Analysts Find Common Ground In Price Target Reductions Following Q4 Results
Paycor's Cloud Strength Vs. Macroeconomic Challenges: Analysts Find Common Ground In Price Target Reductions Following Q4 Results
Many analysts cut the price target of Paycor HCM Inc (NASDAQ:PYCR) following its Q4 FY23 results reported yesterday.
許多分析師下調了該公司的目標價Paycor HCM公司納斯達克(Sequoia Capital：PYCR)昨日公佈了23財年第四季度業績。
Adjusted EPS of $0.08 beat the $0.06 estimate, and sales of $140.00 million exceeded the consensus of $136.55 million.
調整後的每股收益為0.08美元，超過了0.06美元的預期，銷售額為1.4億美元，超過了1.3655億美元的共識。
The company expects revenues of $138 million - $140 million (vs. $142.28 million consensus) for Q1 and $644 million- $650 million (vs. consensus: $647.16 million) for FY24.
該公司預計第一季度營收為1.38億至1.4億美元(市場普遍預期為1.422億美元)，2014財年營收為6.44億至6.5億美元(市場普遍預期為6.4716億美元)。
BMO Capital Markets analyst Daniel Jester reduced the price target to $24 from $27 and maintained a Market Perform rating.
蒙特利爾銀行資本市場分析師Daniel·傑斯特將目標價從27美元下調至24美元，並維持市場表現評級。
The analyst sees the buy-side expectations dropping following Paylocity's results and believes a back-half core growth acceleration is difficult to achieve amid the present macro environment.
這位分析師認為，在PayLocity公佈業績後，買方的預期會下降，並認為在目前的宏觀環境下，很難實現下半年核心增長的加速。
Jester also expects sales investments to take time to mature, and comps are likely to toughen into a challenging macro environment.
傑斯特還預計，銷售投資需要時間才能成熟，而競爭對手可能會進入一個具有挑戰性的宏觀環境。
The analyst revised the FY24 revenue estimate to $649 million from $646 million and EPS to $0.44 from $0.43.
該分析師將2014財年營收預期從6.46億美元修正為6.49億美元，將每股收益預期從0.43美元修正為0.44美元。
JMP Securities analyst Patrick Walravens cut the price target to $32 from $42 while maintaining the Market Outperform rating.
JMP證券分析師Patrick Walravens將目標價從42美元下調至32美元，同時維持市場表現優於大盤的評級。
The analyst sees headwinds from weakening labor market growth but expects long-term growth potential on a differentiated cloud-based HCM suite, an opportunity to boost sales coverage, and an experienced leadership team.
該分析師認為勞動力市場增長疲軟帶來了不利因素，但預計基於雲的差異化HCM套件具有長期增長潛力，有機會擴大銷售覆蓋面，並擁有經驗豐富的領導團隊。
The analyst lowered FY24 adjusted EPS estimate to $0.40 from $0.43 (consensus $0.43) on revenue of $648.5 million (+17% y/y) due to expected higher interest income expenses while increasing FY25 adjusted EPS estimate to $0.54 from $0.52 (consensus $0.53) on revenue of $756.9 million (+17% y/y).
該分析師將2014財年調整後每股收益預期從0.43美元(共識0.43美元)下調至0.40美元，營收為6.485億美元(同比增長17%)，同時將25財年調整後每股收益預期從0.52美元(共識0.53美元)上調至0.54美元，營收為7.569億美元(同比增長17%)。
Also, reiterating a Neutral rating, JP Morgan lowered the price target to $23 from $26, DA Davidson to $22 from $24, Citigroup to $26 from $28, and Mizuho to $22 from $24.
此外，重申中性評級，摩根大通將目標價從26美元下調至23美元，達·戴維森從24美元漲到22美元，花旗集團從28美元增加到26美元，以及瑞穗從24美元漲到22美元。
Price Action: PYCR shares are trading lower by 5.55% at $21.60 on the last check Thursday,
價格行動：PYCR股價在週四的最後一次檢查中下跌5.55%，至21.60美元，
譯文內容由第三人軟體翻譯。