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.
许多分析师下调了目标股价 Paycor HCM Inc. 纳斯达克股票代码：PYCR）继昨天公布了2023财年第四季度业绩之后。
Adjusted EPS of $0.08 beat the $0.06 estimate, and sales of $140.00 million exceeded the consensus of $136.55 million.
调整后的每股收益为0.08美元，超过0.06美元的预期，销售额为1.40亿美元，超过了共识的1.3655亿美元。
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.
该公司预计第一季度收入为1.38亿至1.4亿美元（市场普遍预期为1.4228亿美元），24财年收入为6.44亿至6.5亿美元（而市场普遍预期为6.4716亿美元）。
BMO Capital Markets analyst Daniel Jester reduced the price target to $24 from $27 and maintained a Market Perform rating.
BMO 资本市场 分析师丹尼尔·杰斯特将目标股价从27美元下调至24美元，并维持市场表现评级。
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.
这位分析师认为，在Paylocity公布业绩之后，买方的预期会下降，并认为在当前的宏观环境下，很难实现后半部分核心增长的加速。
Jester also expects sales investments to take time to mature, and comps are likely to toughen into a challenging macro environment.
杰斯特还预计，销售投资需要一段时间才能成熟，在充满挑战的宏观环境中，业绩可能会变得艰难。
The analyst revised the FY24 revenue estimate to $649 million from $646 million and EPS to $0.44 from $0.43.
该分析师将24财年的收入预期从6.46亿美元上调至6.49亿美元，将每股收益从0.43美元上调至0.44美元。
JMP Securities analyst Patrick Walravens cut the price target to $32 from $42 while maintaining the Market Outperform rating.
JMP 证券 分析师帕特里克·沃尔拉文斯将目标股价从42美元下调至32美元，同时维持市场跑赢大盘评级。
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.
该分析师认为劳动力市场增长疲软会带来不利影响，但预计差异化的基于云的人力资源管理套件具有长期增长潜力，有机会扩大销售覆盖范围，并拥有一支经验丰富的领导团队。
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).
该分析师将24财年调整后的每股收益预期从0.43美元（共识0.43美元）下调至0.40美元，收入为6.485亿美元（同比增长17％），原因是预计利息收入支出将增加，同时将25财年调整后的每股收益预期从0.52美元（共识0.53美元）上调至0.54美元，收入为7.569亿美元（同比增长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，重申中性评级， 摩根大通 将目标价从26美元下调至23美元， DA Davidson 从 24 美元升至 22 美元， 花旗集团 从 28 美元升至 26 美元，以及 瑞穗 从 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,
价格走势：在周四的最后一张支票中，PYCR股价下跌5.55％，至21.60美元，