PAYX Stock Ticks 1% Lower on Rough Q1 Figures, Bad Outlook
![a clock on the side of a building: The Paychex sign on the side of the company's building in Mirimar, Florida.](https://www.msn.com/{"default":{"load":"default","w":"27","h":"27","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB11HJ4X.img?h=270&w=270&m=6&q=60&o=f&l=f"}})
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The Paychex sign on the side of the company’s building in Mirimar, Florida.
Paychex (NASDAQ:PAYX) earnings for the first quarter of fiscal year 2021 have PAYX stock ticking lower on Tuesday morning. This is despite reporting revenue of $932.2 million, which is better than Wall Street’s estimate of $895.38 million. The company also reported adjusted earnings per share (EPS) of 63 cents, while analysts were expecting EPS of 55 cents for the quarter.
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The Paychex sign on the side of the company’s building in Mirimar, Florida.
![a large tall tower with a clock on the side of a building: The Paychex sign on the side of the company's building in Mirimar, Florida.](https://www.msn.com/{"default":{"load":"default","w":"73","h":"40","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB11HJ56.img?h=400&w=728&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"34","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB11HJ56.img?h=343&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"34","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB11HJ56.img?h=343&w=624&m=6&q=60&o=f&l=f"}})
The company also reported GAAP EPS of 59 cents for the period.
Here is what else is worth mentioning from the most recent Paychex earnings report.
- Adjusted EPS was down 11% from 71 cents during Q1 2020.
- Revenue for the quarter comes in 6% lower compared to $992 million during the same