Paylocity Shares Rise on Q1 Earnings Beat & Strong FY25 View

Zacks11-01

Paylocity Holding Corporation PCTY shares gained 3.6% to close at $184.57 following impressive first-quarter fiscal 2025 results.PCTY reported first-quarter fiscal 2025 non-GAAP earnings of $1.66 per ...

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The bottom line increased 18.6% year over year, driven by higher revenues and a rise in the operating income.PCTY’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.26%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Paylocity’s revenues rose 14.3% year over year to $363 million and surpassed the Zacks Consensus Estimate by 1.81%.The top-line growth can be attributed to a 14.2% increase in Recurring revenues , which totaled $333 million. Moreover, the Interest Income on Funds Held for Clients  rose 15.4% year over year to $29.9 million.Paylocity Holding Corporation Price, Consensus and EPS Surprise. Paylocity Holding Corporation price-consensus-eps-su","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ANET":"Arista Networks, Inc.","LYFT":"Lyft, Inc.","ADSK":"欧特克","PCTY":"Paylocity Holding Corporation"},"translate_title":"Paylocity股价因第一季度盈利超出预期和强劲的2025财年前景而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PCTY":1,"ADSK":0.9,"ANET":0.9,"LYFT":0.9},"content_text":"Paylocity Holding Corporation PCTY shares gained 3.6% to close at $184.57 following impressive first-quarter fiscal 2025 results.PCTY reported first-quarter fiscal 2025 non-GAAP earnings of $1.66 per share, beating the Zacks Consensus Estimate by 19.42%. The bottom line increased 18.6% year over year, driven by higher revenues and a rise in the operating income.PCTY’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.26%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Paylocity’s revenues rose 14.3% year over year to $363 million and surpassed the Zacks Consensus Estimate by 1.81%. The top-line growth can be attributed to a 14.2% increase in Recurring revenues (91.7% of the total revenues), which totaled $333 million. Moreover, the Interest Income on Funds Held for Clients (8.21% of total revenues) rose 15.4% year over year to $29.9 million.\n \nPaylocity Holding Corporation Price, Consensus and EPS Surprise\n\n  \nPaylocity Holding Corporation price-consensus-eps-surprise-chart | Paylocity Holding Corporation Quote\n\n \nQuarterly Details\nPaylocity’s adjusted gross profit was $268.7 million, up 15.4% from the year-ago period. The adjusted gross margin expanded 66 basis points (bps) to 74.02%.The non-GAAP operating income rose 17.2% year over year to $104.9 million. The non-GAAP operating margin expanded 153 bps to 28.9%.Adjusted EBITDA jumped 22.97% from the year-ago quarter to $129 million. The adjusted EBITDA margin for the first quarter of fiscal 2025 expanded 251 bps to 35.5%.\nBalance Sheet & Cash Flow Details\nAs of Sept. 30, 2024, Paylocity’s cash and cash equivalents were $778.5 million, which includes $325 million in proceeds from its credit facility compared with the previous quarter’s $401.8 million. Long-term debt totaled $325 million as of the first quarter of fiscal 2025.Cash flow from operations for the first quarter of fiscal 2025 was $91.5 million compared with $62.1 million from the year-ago period. Free cash flow was $73.9 million for the first quarter of fiscal 2025.\nPCTY Raises Q2 and Fiscal 2025 Guidance\nFor the second quarter of fiscal 2025, the company expects total revenues in the range of $364-$369 million, indicating 12% growth from the year-ago period. Adjusted EBITDA is projected in the range of $116-$120 million.For fiscal 2025, Paylocity projects total revenues between $1.535 billion and $1.550 billion, implying 10% growth from the year-ago quarter. Adjusted EBITDA is expected in the range of $530-$540 million.\nZacks Rank & Other Stocks to Consider\nCurrently, Paylocity carries a Zacks Rank #2 (Buy).Arista Networks ANET, Autodesk ADSK and Lyft LYFT are some other top-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. Arista Networks, Autodesk and Lyft each carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Arista Networks’ shares have gained 64.1% year to date. ANET is set to report its third-quarter 2024 results on Nov. 7.Autodesk shares have risen 16.6% year to date. ADSK is set to report its third-quarter fiscal 2025 results on Nov. 19.LYFT shares have lost 13.4% year to date. LYFT is set to report its third-quarter 2024 results on Nov. 6.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAutodesk, Inc. (ADSK) : Free Stock Analysis Report\nArista Networks, Inc. (ANET) : Free Stock Analysis Report\nPaylocity Holding Corporation (PCTY) : Free Stock Analysis Report\nLyft, Inc. (LYFT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480357888"}