Analysts are bullish about
Ultimate Software Group's first-quarter earnings report out after the market close Tuesday.
Ultimate is a leading provider of human resources management, payroll
and talent management software. It competes with a wide range of
rivals, including
Automatic Data Processing, Ceridian and
Oracle. Database leader Oracle bought Ultimate rival Taleo for $1.9 billion in 2012.
Ultimate has used its software-as-a-service model, where companies pay on a monthly basis, to lure customers from its rivals.
For Q1, analysts polled by Thomson Reuters expect Ultimate to report a
per-share profit ex items of 26 cents, up from 13 cents in Q1 2012.
Revenue is expected to rise 25% to $97.9 million.
For the current quarter, analysts expect EPS ex items of 32 cents, up 52%, on sales of $98.2 million, up 24%.
Shares of Ultimate were up 1.7% in afternoon trading
in the stock market today,
and shares have again poked above their 10-day moving average. But the
stock has an IBD Accumulation/Distribution rating of a lowly E,
signaling institutional investor selling.
source: news.investors.com
