Asure Software (ASUR) Reports Earnings Tomorrow: What To Expect

HR software provider Asure Software (NASDAQ:ASUR) will be reporting results this Thursday after market close. Here’s what to expect.

Asure Software beat analysts’ revenue expectations last quarter, reporting revenues of $42.76 million, up 22.7% year on year. It was a softer quarter for the company, with EBITDA guidance for next quarter missing analysts’ expectations significantly and a miss of analysts’ billings estimates.

Is Asure Software a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Asure Software’s revenue to grow 23.3% year on year, improving from the 7.4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Asure Software has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Asure Software’s peers in the finance and hr software segment, only Paychex has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 12.5%.

There has been positive sentiment among investors in the finance and hr software segment, with share prices up 9.7% on average over the last month. Asure Software is up 6% during the same time and is heading into earnings with an average analyst price target of $13.38 (compared to the current share price of $8.25).

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