Company Of The Day: Paychex
What?
Payroll company Paychex (NYSE:PAYX) posted a stronger than expected set of Q4 FY’22 earnings. While revenue rose by almost 11% year-over-year to $1.14 billion, non-GAAP earnings stood at $0.81 per share.
Why?
- Can Paychex Stock Overcome A Mixed Economy To Hit $140 Again?
- What To Expect From Paychex Q4 Results?
- Paychex Stock Underperforms Amid Economic Uncertainty. Can It Recover To Over $140?
- Can Paychex Stock Recover To Its Pre-Inflation Shock Highs?
- Can Paychex Stock Recover To Its Pre-Inflation Shock Highs?
- With The Job Market Holding Up, What To Expect From Paychex Q2 Results?
Growth was driven by an expanding base of payroll clients and strong demand for HR solutions, given the strong U.S. job market.
So What?
However, PAYX stock declined by 4% in Wednesday’s trading, likely due to the company’s FY’23 guidance of 7% to 8% revenue growth, which is below last year’s growth rate.
See Our Complete Analysis For Paychex
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| Returns | Jul 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| PAYX Return | 0% | -17% | 87% |
| S&P 500 Return | 0% | -21% | 69% |
| Trefis Multi-Strategy Portfolio | 1% | -26% | 196% |
[1] Month-to-date and year-to-date as of 7/1/2022
[2] Cumulative total returns since the end of 2016
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