Paychex posted quarterly earnings that beat the Zacks Consensus Estimate.
The human capital management services company’s adjusted earnings came in at $0.81 per share, beating the Zacks Consensus Estimate of $0.79 per share. Earnings were $0.72 per share a year ago.
Revenues grew to $1.14 billion for the quarter ended May 2022, compared to $1.03 billion in the year-ago quarter. The figure exceeded the Zacks Consensus Estimate by 2.93%.
The current consensus estimate for Paychex earnings is $0.98 a share, and $1.16 billion in revenues for the coming quarter. For the current fiscal year, consensus expectation is $4.07 EPS on $4.91 billion in revenues.