Paylocity Reports Q3 Revenue Beat but GAAP EPS Misses Estimates
Paylocity (PCTY) reported third-quarter financial results featuring a revenue beat of $451.7 million, surpassing consensus estimates by approximately $9.97 million. However, the company's GAAP earnings per share (EPS) of $1.07 fell short of expectations by $0.12. Despite the EPS miss, Paylocity provided optimistic forward-looking guidance, raising its FY2027 revenue projections to a range of $1.91 billion to $1.925 billion. This represents roughly 8% growth and sits above the previous consensus of $1.89 billion. The company also updated its adjusted EBITDA guidance to between $711.5 million and $721.5 million.
Tickers: $PCTY
Topics: earnings miss financial results guidance raise revenue beat