Paychex Expects FY25 Revenue Growth Of 4.0%-5.5% (Prior 5%-6%) YoY Vs $5.55B Est, Adj EPS Growth Of 5%-7% Vs $4.97 Est
Portfolio Pulse from Benzinga Newsdesk
Paychex has updated its business outlook for fiscal year 2025, expecting total revenue growth of 4.0%-5.5% and adjusted EPS growth of 5%-7%. This is a slight downgrade from previous estimates. The company also provided detailed guidance on various revenue streams and financial metrics.
June 26, 2024 | 12:35 pm
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Paychex has revised its FY25 revenue growth forecast to 4.0%-5.5% from the prior 5%-6%, and adjusted EPS growth to 5%-7%. This slight downgrade may impact investor sentiment in the short term.
The slight downgrade in revenue and EPS growth forecasts may lead to a negative short-term reaction from investors, as it indicates a more conservative outlook compared to previous estimates.
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