Shares are down about 3% in AH trading. From the press release:
Third Quarter Revenue of $101.3 million, up 31% from comparable prior year period
Third Quarter GAAP Net Income of $14.1 million, or $0.24 per diluted share, up 127% from comparable prior year period
Third Quarter Adjusted EBITDA of $30.7 million, up 69% from comparable prior year period
Third Quarter non-GAAP Net Income of $17.0 million, or $0.29 per diluted share
OKLAHOMA CITY–(BUSINESS WIRE)-- Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended September 30, 2017.
“With third quarter revenues over $100 million and the launch of 10 internally built Learning Management courses, we’re pleased with another strong quarter of growth and innovation,” said Paycom’s founder and CEO, Chad Richison. “We also returned value to our shareholders by completing our second $50 million stock repurchase plan and I am happy to announce we have approved a third stock repurchase plan, increasing it to $75 million.”
See the entire release at http://investors.paycom.com/press-releases/press-release-det…
Let’s take a look at the updated numbers:
Revenue (millions) Q1 Q2 Q3 Q4
2014 44.040
2015 55.222 48.973 55.340 65.118
2016 90.126 73.880 77.325 87.810
2017 119.508 98.227 101.29
EPS (non-GAAP) Q1 Q2 Q3 Q4
2014 0.06
2015 0.12 0.10 0.08 0.10
2016 0.33 0.21 0.15 0.18
2017 0.47 0.26 0.29
2017 Q3 Earnings Growth (Current)
Revenue Growth (millions)
2016 Q3 TTM Revenue = 306.45
2017 Q3 TTM Revenue = 406.84
YOY TTM Revenue Growth = 32.8%, previous quarter 34.5%
EPS Growth (non-GAAP)
2016 Q3 TTM Earnings = 0.79
2017 Q3 TTM Earnings = 1.20
YOY TTM EPS Growth = 51.9%, previous quarter 47.2%
P/E (Check Current Price) = 82.20/1.20 = 68.5
1YPEG = 68.5/51.9 = 1.32
Matt
Long PAYC
MasterCard (MA), PayPal (PYPL), Skechers (SKX) and Square (SQ) Ticker Guide
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