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

• 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)