We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Let’s see how things are shaping up prior to this announcement
Factors to Consider
Asure Software’s second-quarter results are expected to benefit from strong momentum in recurring revenues, expanding clientele, and increasing upsell and cross-sell opportunities.
Moreover, the company’s SmartView workplace occupancy sensor system accurately captures environmental indicators around the office building, including CO2 level, lighting, heating, air conditioning and more.
The system has gained significant adoption within a short span of time. In the last reported quarter, Asure Software won a multiyear deal from a leading content delivery network company, primarily owing to the SmartView sensor system.
Asure Software also won a Silver Edison Award in the Energy and Sustainability category for Smart Climate Control due to the SmartView workplace occupancy sensor system in the to-be-reported quarter.
However, seasonality (the first quarter being the strongest due to onetime W-2 and ACA processing) is anticipated to hurt the Human Capital Management business’ top line.
The Zacks Consensus Estimate for revenues is currently pegged at $24.6 million, indicating 13.2% growth from the figure reported in the year-ago quarter.
Moreover, the Zacks Consensus Estimate for earnings stands at 7 cents, unchanged over the past 30 days and indicates a decline of 50% from the figure reported in the year-ago quarter.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) along with a positive Earnings ESP has a good chance of beating estimates. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Asure Software has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
Cisco Systems (CSCO - Free Report) has an Earnings ESP of +1.53% and a Zacks Rank #2.
GTT Communications has an Earnings ESP of +144.44% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Asure Software (ASUR) to Report Q2 Earnings: What's in Store?
Asure Software (ASUR - Free Report) is set to release second-quarter 2019 results on Aug 8.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 29.5%.
In the first quarter, earnings of 22 cents per share beat the Zacks Consensus Estimate by a dime and jumped 69.2% year over year.
Revenues grew 39% year over year to $26.8 million and beat the consensus mark. Notably, recurring revenues accounted for 88% for total revenues.
Asure Software Inc Price and EPS Surprise
Asure Software Inc price-eps-surprise | Asure Software Inc Quote
Let’s see how things are shaping up prior to this announcement
Factors to Consider
Asure Software’s second-quarter results are expected to benefit from strong momentum in recurring revenues, expanding clientele, and increasing upsell and cross-sell opportunities.
Moreover, the company’s SmartView workplace occupancy sensor system accurately captures environmental indicators around the office building, including CO2 level, lighting, heating, air conditioning and more.
The system has gained significant adoption within a short span of time. In the last reported quarter, Asure Software won a multiyear deal from a leading content delivery network company, primarily owing to the SmartView sensor system.
Asure Software also won a Silver Edison Award in the Energy and Sustainability category for Smart Climate Control due to the SmartView workplace occupancy sensor system in the to-be-reported quarter.
However, seasonality (the first quarter being the strongest due to onetime W-2 and ACA processing) is anticipated to hurt the Human Capital Management business’ top line.
The Zacks Consensus Estimate for revenues is currently pegged at $24.6 million, indicating 13.2% growth from the figure reported in the year-ago quarter.
Moreover, the Zacks Consensus Estimate for earnings stands at 7 cents, unchanged over the past 30 days and indicates a decline of 50% from the figure reported in the year-ago quarter.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) along with a positive Earnings ESP has a good chance of beating estimates. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Asure Software has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
CACI International (CACI - Free Report) has an Earnings ESP of +4.02% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cisco Systems (CSCO - Free Report) has an Earnings ESP of +1.53% and a Zacks Rank #2.
GTT Communications has an Earnings ESP of +144.44% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>