Paychex: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Paychex (NASDAQ:PAYX) reported Q4 earnings in line with estimates at $0.97 per share. Revenue was up $86 million from the same period last year. Last quarter, the company beat EPS estimates by $0.05, which was followed by a 2.15% drop in the share price the next day.
June 29, 2023 | 12:40 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Paychex's Q4 earnings met estimates, and revenue increased YoY. However, the previous quarter's EPS beat led to a share price drop.
Paychex's earnings were in line with estimates, which typically doesn't cause significant stock price movement. However, the company's history of a share price drop following an EPS beat last quarter may cause some investor caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100