Benzinga | Oct 4, 2021 07:03AM EDT

Paychex: Q1 Earnings Insights



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 2021EPS Estimate 0.80 0.67 0.92 0.66 0.55EPS Actual 0.89 0.72 0.96 0.73 0.63Price Change % 2.4% 1.28% -0.64% 0.33% 1.37%

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.