Tag: earnings

14
Oct
2020
Posted in software

Paycom Software, Inc. Announces Third Quarter 2020 Earnings Release Date and Conference Call

Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the third quarter ended September 30, 2020, after the market closes on Wednesday, November 4, 2020. Paycom will also hold a conference call to discuss results at 5:00 p.m. (Eastern time) that day.

 

 

 

 

Dial-in #:

1 (833) 233-4461

Intl. Dial-In #:

1 (647) 689-4140

Conference Name:

Paycom

Replay #:

1 (800) 585-8367

Intl. Replay #:

1 (416) 621-4642

Replay Access Code:

5744927

 

The conference call will also be webcast at investors.paycom.com. For those unable to participate, a replay will be available following the conclusion of the earnings call on November 4, 2020, through November 11, 2020. A web-based archive of the conference call will also be available at the above website.

About Paycom

As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom has the ability to serve businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201014005032/en/

Contacts

Investor Relations Contact:
James Samford
investors@paycom.com

Source Article

12
Oct
2020
Posted in technology

Week Ahead Brings Earnings Season, Amazon Prime Day, Apple Event

Key Takeaways:

  • Broken record time as stimulus hopes continue to provide early market support
  • Earnings season gets underway tomorrow with big banks beginning to report
  • Big week for FAANGs as Amazon
    AMZN
    Prime Day, Apple
    AAPL
    event coming up

If Wall Street had a seat belt sign, now’s when the captain would tell us to buckle up for possible turbulence ahead.

Even if earnings season didn’t begin tomorrow, there’s plenty to keep investors on their toes. Amazon’s (AMZN) Prime Day, Apple’s (AAPL) long-awaited product event, continued stimulus negotiations in Washington, and mounting virus cases in the U.S. and Europe all get mixed into the recipe.

Ordinarily, those ingredients would be enough for anyone, but this time it’s happening while investors and the entire world have one eye on polls three weeks ahead of the U.S. presidential election. Despite all this, volatility is the lowest since late August. We’ll see if it stays that way as this thick stew of news flows freely in coming days. With so much coming up, it’s unlikely we’ll see any real trend in the market today unless, of course, there’s news from Washington.

Which brings us to the broken record department, where stock futures rose this morning amid continued hopes of a stimulus agreement. That was last week’s theme and it continues into this week. Negotiations over the weekend had a mixed tone, so it still feels like anything can happen.

Think a stimulus isn’t worth all the Wall Street fuss? Late last month, Goldman Sachs
GS
(GS) cut its Q4 gross domestic product (GDP) forecast in half to 3% when it appeared all hopes of fiscal help were lost. No word yet on whether that gets revised if Congress and the White House get something done.

Early strength could partly

01
Oct
2020
Posted in technology

Apple to Announce Q4 2020 Earnings on October 29

Apple today updated its investor relations page to announce that it will share its earnings results for the fourth fiscal quarter (third calendar quarter) of 2020 on Thursday, October 29.


Fourth quarter earnings calls typically provide some insight into the early sales of new iPhones, but since this year’s iPhones have been delayed until October, initial iPhone sales data will not factor into fourth quarter revenue.

Apple will perhaps provide detail on sales of the Apple Watch Series 6 and the new Apple Watch SE, which did launch during the September quarter.

Apple declined to provide guidance for the fourth quarter of 2020 during its third quarter earnings call due to the ongoing global health crisis, which continues to affect Apple’s product launch timelines and sales.

Apple in the third quarter brought in $59.7 billion in revenue, marking a record June quarter bolstered by products and services growth and a surge in Mac and ‌iPhone‌ sales due to people working and learning from home.

The quarterly earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern. MacRumors will provide coverage of both the earnings release and conference call on October 29.

Source Article

30
Sep
2020
Posted in technology

Countdown To Earnings Season Starts

Apple’s fiscal fourth quarter has come to an end. We are now about two weeks away from the start of the earnings season in the US, and about four weeks from Apple’s earnings day – see Apple Maven’s coverage of last season for a refresher.

Today, I kick off the countdown to earnings day with a look at what Wall Street analysts expect to see regarding headline financial results. These estimates are likely to change over the next few weeks, as new reports come out. It will be interesting to watch the evolution from here to there and see how much more bullish or bearish experts may become until earnings day.

Expectations are set low

First, let me remind the reader that Apple has not provided guidance for its fiscal fourth quarter, as it used to do before the COVID-19 crisis. As a result, revenue and EPS estimates now range much more widely than usual, as was also the case last quarter.

The table below summarizes current expectations. Notice that, on earnings per share, consensus average of $0.70 would represent a decline of about 8% compared to the same quarter last year. Not everyone agrees, however. The more optimistic analyst sees EPS growing 13% to $0.86, while the more pessimistic of them bets on earnings dropping nearly 30% to $0.54.

When it comes to revenues, the story is not too much different. On average, experts currently expect to see a small year-over-year decline of 0.3% in total sales, which would be a stark contrast with last quarter’s 11% top-line increase. But the range of estimate is also very wide: from +10% to -18%.

First impressions

At first glance, a couple of thoughts crossed my mind:

  • Estimates appear to be overly de-risked at this moment. Should consensus be right about Apple’s