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.
許多分析師下調了目標股價 Paycor HCM Inc. 納斯達克股票代碼：PYCR）繼昨天公佈了2023財年第四季度業績之後。
Adjusted EPS of $0.08 beat the $0.06 estimate, and sales of $140.00 million exceeded the consensus of $136.55 million.
調整後的每股收益爲0.08美元，超過0.06美元的預期，銷售額爲1.40億美元，超過了共識的1.3655億美元。
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收入爲1.38億至1.4億美元（市場普遍預期爲1.4228億美元），24財年收入爲6.44億至6.5億美元（而市場普遍預期爲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.
BMO 資本市場 分析師丹尼爾·傑斯特將目標股價從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.
這位分析師認爲，在Paylocity公佈業績之後，買方的預期會下降，並認爲在當前的宏觀環境下，很難實現後半部分核心增長的加速。
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，銷售投資需要一段時間才能成熟，在充滿挑戰的宏觀環境中，業績可能會變得艱難。
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24財年的收入預期從6.46億美元上調至6.49億美元，將每股收益從0.43美元上調至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 分析師帕特里克·沃爾拉文斯將目標股價從42美元下調至32美元，同時維持市場跑贏大盤評級。
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.
該分析師認爲勞動力市場增長疲軟會帶來不利影響，但預計差異化的基於雲的人力資源管理套件具有長期增長潛力，有機會擴大銷售覆蓋範圍，並擁有一支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24財年調整後的每股收益預期從0.43美元（共識0.43美元）下調至0.40美元，收入爲6.485億美元（同比增長17％），原因是預計利息收入支出將增加，同時將25財年調整後的每股收益預期從0.52美元（共識0.53美元）上調至0.54美元，收入爲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， DA Davidson 從 24 美元升至 22 美元， 花旗集團 從 28 美元升至 26 美元，以及 瑞穗 從 24 美元升至 22 美元。
Price Action: PYCR shares are trading lower by 5.55% at $21.60 on the last check Thursday,
價格走勢：在週四的最後一張支票中，PYCR股價下跌5.55％，至21.60美元，