Asure Software Shares Surge 5.9% on HCM Growth and Lathen Acquisition
Asure Software shares jumped 5.9% on heavy volume after the company reported HCM revenue growth and a boost from the Lathen Time acquisition, reversing a 22.1% loss over the past month. Analysts forecast Q1 EPS $0.23 (+53.3% YoY) and $38.7m revenues, though EPS estimates have held steady for 30 days.
1. Stock Performance
Shares climbed 5.9% on above-average volume, marking a reversal of a 22.1% decline over the previous four weeks as investor interest spiked.
2. Growth Drivers
The uptick was supported by broad HCM revenue expansion and a contribution from the recent Lathen Time acquisition, which added incremental sales to the portfolio.
3. Analyst Expectations
Analysts project first-quarter earnings of $0.23 per share (up 53.3% year-over-year) and revenues of $38.7 million, though consensus EPS estimates have not budged over the past 30 days.
4. Industry Context
Within the Delivery Services sector, peer GoDaddy saw a 0.7% share drop and an 11.9% one-month decline, with its own EPS estimates similarly unchanged.