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Asure Software Q3 results beat estimates on organic growth

By Reuters News


Overview

  • Cloud HCM software provider's Q3 revenue rose 10% yr/yr, beating analyst expectations

  • Adjusted EBITDA for Q3 increased and beat analyst expectations

  • Company completed acquisition of southeastern US payroll processing business in October


Outlook

  • Asure forecasts Q4 revenue between $42 mln and $44 mln

  • Company expects full-year 2026 revenue of $162 mln to $164 mln

  • Asure projects 2027 revenue between $183 mln and $187 mln


Result Drivers

  • ORGANIC GROWTH - Co said improved organic growth and higher attach rates across client base drove Q3 results

  • ACQUISITION IMPACT - Co said recent payroll processing acquisition expands mid-market exposure and adds technology to update offerings

  • PRODUCT ADOPTION - Co said growing adoption of AsureWorks™ contributed to pipeline growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$40 mln

$38.94 mln (9 Analysts)

Q3 Net Loss

$600,000

Q3 Adjusted EBITDA

Beat

$10.50 mln

$8.92 mln (9 Analysts)

Q3 Adjusted Gross Profit

$30.20 mln

Q3 EBITDA

$7.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for Asure Software Inc is $13.00, about 79.8% above its October 28 closing price of $7.23

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago


Reuters Recommended Reads

  • Oct 27 - Manhattan Associates Q3 revenue beats estimates on cloud subscription growth

  • Oct 28 - Alkami Technology Q3 revenue beats estimates on digital banking user growth

  • Oct 27 - SoFi Technologies Q3 adjusted revenue beats on member, product growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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