Why Did Paychex (PAYX) Drop 6% Despite Good Earnings?
Paychex (PAYX) reported earnings this morning and beat Wall Street analysts' expectation on both the top and bottom line, while also showing year-over-year growth.
Paychex, Inc. (PAYX) Q4 2024 Earnings Call Transcript
Paychex, Inc. (NASDAQ:PAYX ) Q4 2024 Earnings Conference Call June 26, 2024 9:30 AM ET Company Participants John Gibson - President and CEO Bob Schrader - CFO Conference Call Participants Bryan Bergin - TD Cowen Kevin McVeigh - UBS James Faucette - Morgan Stanley Samad Samana - Jefferies Caroline Latta - Bank of America Andrew Nicholas - William Blair Ashish Sabadra - RBC Capital Markets Peter Christiansen - Citi Ramsey El-Assal - Barclays Bryan Keane - Deutsche Bank David Togut - Evercore ISI Kartik Mehta - Northcoast Research Scott Wurtzel - Wolfe Research Operator Good morning and welcome to the Fourth Quarter 2024 Paychex Earnings Conference Call. With us today are John Gibson and Bob Schrader.
Paychex (PAYX) Q4 Earnings Beat Estimates, Revenues Miss
Paychex's (PAYX) fourth-quarter fiscal 2024 earnings and revenues rise y/y.
Compared to Estimates, Paychex (PAYX) Q4 Earnings: A Look at Key Metrics
The headline numbers for Paychex (PAYX) give insight into how the company performed in the quarter ended May 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Paychex (PAYX) Q4 Earnings Beat Estimates
Paychex (PAYX) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.97 per share a year ago.
Paychex Posts Solid Earnings and Sales. The Stock Is Wavering.
The payroll services company reports better-than-expected quarterly earnings and sales.
What To Expect From Paychex Q4 Results
Payroll and HR solutions player Paychex is expected to publish its Q4 FY'24 results on June 26, reporting on a period that saw the U.S. job market remain relatively buoyant. We expect earnings for the quarter to come in at about $1.06 per share, marginally ahead of consensus estimates, while revenues are likely to grow about 5% year-over-year to $1.3 billion.
Paychex (PAYX) to Report Q4 Earnings: What's in the Offing?
Paychex's (PAYX) fourth-quarter fiscal 2024 earnings and revenues are expected to have increased year over year.
Seeking Clues to Paychex (PAYX) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Paychex (PAYX) for the quarter ended May 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Paychex Stock Underperforms Amid Economic Uncertainty. Can It Recover To Over $140?
Paychex stock currently trades at $118 per share, around 16% below its level of $141 seen on April 6, 2022 (pre-inflation shock high), and has the potential for gains. In comparison, the company's peer ADP stock has remained roughly flat over the same period.
Reasons to Hold Paychex (PAYX) Stock in Your Portfolio
Paychex (PAYX) exhibits strength driven by robust top-line growth and a commanding position in the outsourcing market. Higher expenses remain a concern.
