Recap: Paychex Q1 Earnings

Recap: Paychex Q1 Earnings

Paychex PAYX reported its Q1 earnings results on Wednesday, September 28, 2022 at 08:30 AM.

Here's what investors need to know about the announcement.

Earnings

Paychex beat estimated earnings by 6.19%, reporting an EPS of $1.03 versus an estimate of $0.97.

Revenue was up $123.20 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 0.85% drop in the share price the next day.

Here's a look at Paychex's past performance:

 

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.79 1.05 0.80 0.80
EPS Actual 0.81 1.15 0.91 0.89
Revenue Estimate 1.11B 1.22B 1.06B 1.04B
Revenue Actual 1.14B 1.28B 1.11B 1.08B

To track all earnings releases for Paychex visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings