Why Paychex Stock Fell 10% This Morning
Shares of (NASDAQ: PAYX) fell as much as 9.9% on Wednesday morning, tripped up by an unimpressive earnings report. The payroll processing services expert's stock recovered slightly to a 7.6% drop as of 12:20 p.m. ET.
In the fourth quarter of fiscal year 2025, Paychex saw revenues rise 10% year over year to $1.43 billion. Adjusted earnings ticked 6.3% higher, landing at $1.19 per diluted share.
The results were in line with the consensus analyst estimates, but management's guidance for the next fiscal year was a mixed bag. At the midpoint of each guidance range, Paychex projected full-year earnings 2% above the current analyst view, while the revenue target stopped 0.8% below Wall Street's consensus.
Source Fool.com
Paychex Inc. Stock
€105.44
-3.000%
Currently there is a rather negative sentiment for Paychex Inc. with 3 Buy predictions and 9 Sell predictions..
A slightly negative potential of -3.26% at a current price of 105.44 € for Paychex Inc. is the result of a target price of 102 €.
