Paychex (PAYX) reported $1.32 billion in income for the quarter ended November 2024, representing a year-over-year improve of 4.7%. EPS of $1.14 for a similar interval compares to $1.08 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $1.31 billion, representing a shock of +0.29%. The corporate delivered an EPS shock of +1.79%, with the consensus EPS estimate being $1.12.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher challenge a inventory’s value efficiency.
Right here is how Paychex carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Common funding Stability – Funds held for shoppers: $4.25 billion versus $4.13 billion estimated by three analysts on common.
- Common rates of interest earned (unique of internet realized positive aspects) – Funds held for shoppers: 3.4% in comparison with the three.4% common estimate primarily based on three analysts.
- Common funding Stability – Company money equivalents and investments: $1.47 billion versus $1.52 billion estimated by two analysts on common.
- Common rates of interest earned (unique of internet realized positive aspects) – Company money equivalents and investments: 4.3% versus the two-analyst common estimate of 4.8%.
- Income- Administration Options: $962.90 million versus the six-analyst common estimate of $959.27 million. The reported quantity represents a year-over-year change of +3.5%.
- Income- Curiosity on funds held for shoppers: $36.10 million versus $34.81 million estimated by six analysts on common. In comparison with the year-ago quarter, this quantity represents a +14.6% change.
- Income- Complete service income: $1.28 billion in comparison with the $1.28 billion common estimate primarily based on six analysts. The reported quantity represents a change of +4.4% yr over yr.
- Income- PEO and Insurance coverage Providers: $317.90 million versus the six-analyst common estimate of $319.37 million. The reported quantity represents a year-over-year change of +7.5%.
View all Key Company Metrics for Paychex here>>>
Shares of Paychex have returned -4.2% over the previous month versus the Zacks S&P 500 composite’s -0.3% change. The inventory at present has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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Paychex, Inc. (PAYX) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
