For the quarter ended February 2023, Paychex (PAYX - Free Report) reported revenue of $1.38 billion, up 8.2% over the same period last year. EPS came in at $1.29, compared to $1.15 in the year-ago quarter.
The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $1.36 billion. With the consensus EPS estimate being $1.24, the EPS surprise was +4.03%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Paychex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Management Solutions: $1.02 billion compared to the $1.01 billion average estimate based on seven analysts. The reported number represents a change of +6.7% year over year.
- Revenue- Interest on funds held for clients: $35.30 million compared to the $29.98 million average estimate based on seven analysts. The reported number represents a change of +145.1% year over year.
- Revenue- Total service revenue: $1.35 billion versus $1.33 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
- Revenue- PEO and Insurance Services: $321.20 million versus $320.60 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change.
View all Key Company Metrics for Paychex here>>>
Shares of Paychex have returned -1.3% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could underperform the broader market in the near term.
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For the quarter ended February 2023, Paychex (PAYX - Free Report) reported revenue of $1.38 billion, up 8.2% over the same period last year. EPS came in at $1.29, compared to $1.15 in the year-ago quarter.
The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $1.36 billion. With the consensus EPS estimate being $1.24, the EPS surprise was +4.03%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Paychex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Paychex here>>>
Shares of Paychex have returned -1.3% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could underperform the broader market in the near term.
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Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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