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?
Growth was driven by an expanding base of payroll clients and strong demand for HR solutions, given the strong U.S. job market.
- 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?
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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