Paychex, Inc. ($PAYX) 2Q21 Earnings Sneak Preview

Paychex, Inc. (NASDAQ:PAYX) is reporting second quarter financial results on Wednesday 23rd December 2020, before market open.

According to analysts surveyed by Thomson Reuters, PAYX is expected to report 2Q21 income of $ 0.66 per share from revenue of $ 954.00 million.

For the full year, analysts anticipate top line of $ 3941.85 million, while looking forward to income of $ 2.82 per share bottom line.

The Company Outlook

Full Year 2021 topline are forecasted in a range of$ 3,879.36 million ~ $ 3,960.18 million, where as bottomline are predicted in a range of $ 2.76 ~ $ 2.82 per share

Click Here For More Historical Outlooks Of Paychex, Inc.

Previous Quarter Performance

Paychex, Inc. unfold income for the first quarter of $ 0.63 per share, from the revenue of $ 932.20 million. The quarterly earnings 11.27 percent while revenues fell 6.03 percent compared with the same quarter last year.
Wall street analysts are predicting, PAYX to report 1Q21 income of $ 0.55 per share from revenue of $ 895.38 million. The bottom line results beat street analysts by $ 0.08 or 14.55 percent, at the same time, top line results outshined analysts by $ 36.82 million or 4.11 percent.

Stock Performance

Shares of Paychex, Inc. traded up $ 0.04 or 0.04 percent on Tuesday, reaching $ 96.63 with volume of 2.15 million shares. Paychex, Inc. has traded high as $ 97.14 and has cracked $ 96.36 on the downward trend

According to the previous trading day, closing price of $ 96.63, representing a 101.78 % increase from the 52 week low of $ 47.87 and a 0.6 % decrease over the 52 week high of $ 97.17.

The company has a market capital of $ 34.74 billion and is part of the Industrials sector and Business Services industry.

Conference Call

Paychex, Inc. will be hosting a conference call at 9:30 AM eastern time on 23rd December 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.paychex.com

Paychex, Inc. provides integrated human capital management solutions for payroll, benefits, human resource (HR), retirement, and insurance services for small- to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.