Advertisement
UK markets close in 3 hours 45 minutes

  • FTSE 100

    7,831.31
    -45.74 (-0.58%)
     

  • FTSE 250

    19,268.42
    -182.25 (-0.94%)
     

  • AIM

    741.24
    -4.05 (-0.54%)
     

  • GBP/EUR

    1.1676
    -0.0007 (-0.06%)
     

  • GBP/USD

    1.2438
    0.0000 (-0.00%)
     

  • Bitcoin GBP

    52,519.41
    +2,056.35 (+4.07%)
     

  • CMC Crypto 200

    1,334.32
    +21.70 (+1.68%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CRUDE OIL

    82.01
    -0.72 (-0.87%)
     

  • GOLD FUTURES

    2,391.60
    -6.40 (-0.27%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,725.05
    -112.35 (-0.63%)
     

  • CAC 40

    8,004.31
    -18.95 (-0.24%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Why Paylocity (PCTY) Could Be an Impressive Growth Stock

Zacks Equity Research
·2-min read

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Paylocity Holding Corporation PCTY. This firm, which is in the Internet-Software industry, saw EPS growth of 84% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 33.6%. Furthermore, the long-term growth rate is currently an impressive 20%, suggesting pretty good prospects for the long haul.

Paylocity Holding Corporation Price and Consensus

Paylocity Holding Corporation Price and Consensus
Paylocity Holding Corporation Price and Consensus

Paylocity Holding Corporation price-consensus-chart | Paylocity Holding Corporation Quote

ADVERTISEMENT

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 5.1%. Thanks to this rise in earnings estimates, PCTY has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider PCTY. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for PCTY as well.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.7% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Paylocity Holding Corporation (PCTY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research