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From: rnsmth12/22/2021 8:42:25 AM
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Paychex EPS beats by $0.11, beats on revenue; boosts full year view

Dec. 22, 2021 8:33 AM ETPaychex, Inc. (PAYX)By: Jignesh Mehta, SA News Editor1 Comment

Paychex (NASDAQ:PAYX): Q2 GAAP EPS of $0.91 beats by $0.11.

Revenue of $1.09B (+10.8% Y/Y) beats by $30M.

Adjusted Ebitda of $495.1M vs. $498.6M in prior quarter.

For FY2022, total revenue is anticipated to grow 10% to 11% (prior: +8%) vs. consensus of 8.34%; adjusted operating margin is anticipated to increase to a range of 39% to 40% (prior: 38%-39%); adjusted EBITDA margin is anticipated to increase to ~44% (prior: +43%) and adjusted diluted EPS to grow in the range of 18% to 20% (prior: +12 to 14%) vs. consensus of 13.88%.
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