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Paychex Earnings Preview

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Paychex (NASDAQ: PAYX) releases its next round of earnings this Tuesday, October 06. Here's Benzinga's essential guide to Paychex's Q1 earnings report.

Earnings and Revenue

Paychex earnings will be near $0.55 per share on sales of $895.38 million, according to analysts. Paychex reported a per-share profit of $0.71 when it published results during the same quarter last year. Sales in that period totaled $992.00 million. If the company were to post earnings per share inline with the consensus estimate when it reports Tuesday, EPS would be down 22.54%. Here's how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q4 2020 Q3 2020 Q2 2019 Q1 2019
EPS Estimate 0.60 0.96 0.68 0.68
EPS Actual 0.61 0.97 0.70 0.71
Revenue Estimate 910.91 M 1.14 B 987.65 M 991.54 M
Revenue Actual 951.10 M 1.14 B 990.70 M 992.00 M

Stock Performance

Shares of Paychex were trading at $79.43 as of October 06. Over the last 52-week period, shares are down 1.51%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Paychex is scheduled to hold the call at 09:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/wb7nis78

 

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Posted-In: Earnings