Paychex Q4 2024 Adj EPS $1.12 Beats $1.10 Estimate, Sales $1.295B Miss $1.296B Estimate
Portfolio Pulse from Benzinga Newsdesk
Paychex (NASDAQ:PAYX) reported Q4 2024 adjusted EPS of $1.12, beating the estimate of $1.10. However, sales of $1.295 billion slightly missed the estimate of $1.296 billion. Sales increased by 5.29% year-over-year.
June 26, 2024 | 12:31 pm
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Paychex reported Q4 2024 adjusted EPS of $1.12, beating the estimate of $1.10. Sales of $1.295 billion slightly missed the estimate of $1.296 billion. Sales increased by 5.29% year-over-year.
The EPS beat is a positive indicator and will likely boost investor confidence, leading to a short-term price increase. The slight miss in sales is negligible and offset by the year-over-year growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100