Stock Story -
Online payroll and human resource software provider Asure (NASDAQ:ASUR) will be announcing earnings results tomorrow after market hours. Here's what investors should know.
Asure beat analysts' revenue expectations by 2% last quarter, reporting revenues of $31.65 million, down 4.3% year on year. It was a slower quarter for the company, with a miss of analysts' billings estimates.
Is Asure a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Asure's revenue to decline 6% year on year to $28.6 million, a reversal from the 49.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.13 per share.
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 has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 8.9% on average.
Looking at Asure's peers in the finance and HR software segment, only Paychex (NASDAQ:PAYX) has reported results so far. It met analysts' revenue estimates, delivering year-on-year sales growth of 5.3%. The stock was down 5.7% on the results.
Read the full analysis of Paychex's results on StockStory. There has been positive sentiment among investors in the finance and HR software segment, with share prices up 2.2% on average over the last month. Asure is up 18.8% during the same time and is heading into earnings with an average analyst price target of $14.3 (compared to the current share price of $9.8).
![Asure (ASUR) Q2 Earnings: What To Expect](https://d68-invdn-com.investing.com/content/picbe0842da6bc844ebc1793da2a964bb5a.jpeg)