PAYX Stock Recent News

Paychex's (PAYX) Q2 earnings and revenues grow year over year, courtesy of in-demand HR solutions.

Paychex, Inc. (PAYX) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Paychex (PAYX) give a sense of how the business performed in the quarter ended November 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Shares of the payroll services company are on track for their worst day in more than three years.

Shares of Paychex Inc. PAYX, -0.72% shed 2% in premarket trading Thursday, after the human resources services company beat fiscal second-quarter profit expectations but came up a bit short on revenue, amid cost and labor market challenges. Net income for the quarter to Nov. 30 rose to $392.7 million, $1.08 a share, from $360.3 million, or 99 cents a share, in the year-ago period.

Get a deeper insight into the potential performance of Paychex (PAYX) for the quarter ended November 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Paychex (PAYX) is expected to witness earnings and revenues beat in the second quarter of fiscal 2024 on the back of likely demand for solutions.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 second quarter ended November 30, 2023. Paychex will deliver results via Business Wire before the financial markets open on Thursday, December 21, 2023. The Company will host a conference call at 9:30 a.m. ET on Thursday, December 21, 2023, to review the results for the quarter. Participating in this call will be John Gibson, President and CEO, and Bob Schrader, Senior Vice Presiden.

Commitment to shareholder returns makes Paychex (PAYX) a reliable way for investors to compound wealth over the long term.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.