Paychex Inc reports results for the quarter ended November 30 - Earnings Summary

Paychex

19/12/2024 15:17

* Paychex Inc  PAYX.OQ  reported quarterly adjusted earnings
of
$1.14​​ per share for the quarter ended November 30, higher than
the same quarter last year, when the company reported EPS of
$1.08.  The mean expectation of fifteen analysts for the quarter
was for earnings of $1.12 per share. Wall Street expected
results to range from $1.12  to $1.13 per share.
    * Revenue rose 4.7% to $1.32 billion from a year ago;
analysts
expected $1.31 billion. 
    * Paychex Inc's reported EPS for the quarter was $1.14​.
    * The company reported quarterly net income of $413.4
million.
    * Paychex Inc shares had risen by 1.2% this quarter and
gained 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 15
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the employment
services
peer group is also "hold"

Wall Street's median 12-month price target for Paychex Inc is
$139.00 
This summary was machine generated from LSEG data December 19 at
03:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2024      1.12           1.14           Beat
 Aug. 31 2024      1.14           1.16           Beat
 May. 31 2024      1.10           1.12           Beat
 Feb. 29 2024      1.37           1.38           Beat