Paychex(NASDAQ:PAYX) stock rose by 2.4% on Friday after the company reported its Q1 earnings results on Thursday, September 30, 2021 at 08:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Paychex beat their estimated earnings by 11.25%, which surprised analysts.
Revenue was up $150,800,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05, which was followed by a 1.28% increase in the share price the next day.
Here’s a look at Paychex’s past performance and the resulting price change:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 0.80 | 0.67 | 0.92 | 0.66 | 0.55 |
| EPS Actual | 0.89 | 0.72 | 0.96 | 0.73 | 0.63 |
| Price Change % | 2.4% | 1.28% | -0.64% | 0.33% | 1.37% |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
