Payroll and human resources software provider, Paylocity (NASDAQ:PCTY) will be announcing earnings results tomorrow after market close. Here’s what to expect.

Paylocity beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $377 million, up 15.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.

Is Paylocity a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Paylocity’s revenue to grow 10.1% year on year to $441.9 million, slowing from the 18.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.12 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Paylocity has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.6% on average.

Looking at Paylocity’s peers in the finance and hr software segment, only Paychex has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 4.8%. The stock traded up 5.4% on the results.

Read our full analysis of Paychex’s earnings results here.

Investors in the finance and hr software segment have had steady hands going into earnings, with share prices flat over the last month. Paylocity is up 1.3% during the same time and is heading into earnings with an average analyst price target of $226.51 (compared to the current share price of $192.33).

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