What's Going On With Paycor HCM Shares Today?

Paycor HCM, Inc. PYCR shares are trading higher after the company reported better-than-expected second-quarter adjusted EPS and sales results. Additionally, the company issued third-quarter and full-year 2023 revenue guidance above analyst estimates.

What to Know: On Wednesday, Paycor reported its earnings for the quarter ended December 31st, 2022.

• Paycor reported quarterly earnings of $0.08 per share, beating the consensus estimate of $0.06 per share.
• The company also posted revenues of $132.9 million, beating the consensus estimate of $127.29 million.

Paycor HCM also provided guidance for third-quarter and full-year sales. 

The company expects:

• Third-quarter revenues in the range of $155 million to $157 million, above the average analyst estimate of $150.52 million.
• Full-year 2023 revenue guidance in the range of $539 million to $545 million, abovethe average analyst estimate of $531.67 million.

CEO of Paycor, Raul Villar, Jr., noted that “Paycor produced excellent second-quarter results highlighted by 29% revenue growth year-over-year, which reflects continued demand and product innovation.”

Paycor HCM Inc is a Software-as-a-Service provider of human capital management solutions for small and medium-sized businesses. Its suite of solutions enables organizations to streamline HCM and payroll workflows.

According to data from Benzinga Pro, Paycor HCM shares were up 7.68%, trading at $26.26 at the time of publication. It has a 52-week high of $26.72 and a 52-week low of $25.52.