FLYW) Vs The Rest Of The Finance and HR Software Stocks - Tools for Investors | News
Stock Markets
Daily Stock Markets News

FLYW) Vs The Rest Of The Finance and HR Software Stocks


FLYW Cover Image

Q1 Earnings Highs And Lows: Flywire (NASDAQ:FLYW) Vs The Rest Of The Finance and HR Software Stocks

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how finance and hr software stocks fared in Q1, starting with Flywire (NASDAQ:FLYW).

Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software.

The 15 finance and HR software stocks we track reported a slower Q1; on average, revenues beat analyst consensus estimates by 1.3%. while next quarter’s revenue guidance was in line with consensus. Stocks–especially those trading at higher multiples–had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and finance and HR software stocks have had a rough stretch, with share prices down 12.1% on average since the previous earnings results.

Flywire (NASDAQ:FLYW)

Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments.

Flywire reported revenues of $114.1 million, up 20.9% year on year, topping analysts’ expectations by 6%. It was a mixed quarter for the company, with full-year revenue guidance topping analysts’ expectations.

“We are pleased with our 2024 first quarter results, where we signed more than 200 new clients, the highest the company has signed in a quarter,” said Mike Massaro, CEO of Flywire.

Flywire Total Revenue

Flywire Total Revenue

Flywire achieved the biggest analyst estimates beat and fastest revenue growth of the whole group. The stock is down 21% since the results and currently trades at $16.26.

Is now the time to buy Flywire? Access our full analysis of the earnings results here, it’s free.

Best Q1: Bill.com (NYSE:BILL)

Started by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, Bill.com (NYSE:BILL) is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses.

Bill.com reported revenues of $323 million, up 18.5% year on year, outperforming analysts’ expectations by 5.6%. It was a very strong quarter for the company, with an impressive beat of analysts’ billings estimates and optimistic revenue guidance for the next quarter.

Bill.com Total Revenue

Bill.com Total Revenue

The stock is down 23.9% since the results and currently trades at $48.14.

Is now the time to buy Bill.com? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: Global Business Travel (NYSE:GBTG)

Holding close ties to American Express, Global Business Travel (NYSE:GBTG) is a comprehensive travel and expense management services provider to corporations worldwide.

Global Business Travel reported revenues of $610 million, up 5.5% year on year, falling short of analysts’ expectations by 2.3%. It was a weak quarter for the company: Its revenue unfortunately missed analysts’ expectations and its full-year revenue guidance slightly missed Wall Street’s estimates.

Global Business Travel had the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is up 5.7% since the results and currently trades at $6.58.

Read our full analysis of Global Business Travel’s results here.

Paycom (NYSE:PAYC)

Founded in 1998 as one of the first online payroll companies, Paycom (NYSE:PAYC) provides software for small and medium-sized businesses (SMBs) to manage their payroll and HR needs in one place.

Paycom reported revenues of $499.9 million, up 10.7% year on year, in line with analysts’ expectations. It was a slower quarter for the company, with a decline in its gross margin.

The stock is down 20.9% since the results and currently trades at $147.3.

Read our full, actionable report on Paycom here, it’s free.

Workiva (NYSE:WK)

Founded in 2010, Workiva (NYSE:WK) offers software as a service product that makes financial and compliance reporting easier, especially for publicly traded corporations.

Workiva reported revenues of $175.7 million, up 17% year on year, in line with analysts’ expectations. It was a weak quarter for the company, with decelerating customer growth and a miss of analysts’ billings estimates.

The company added 65 enterprise customers paying more than $100,000 annually to reach a total of 1,696. The stock is down 8.7% since the results and currently trades at $73.07.

Read our full, actionable report on Workiva here, it’s free.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.



Source link

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.