Paychex Analysts Slash Their Forecasts Following Q2 Earnings
Positive earnings report and raised growth outlook should support investor confidence. However, downward price target adjustments may temper enthusiasm.
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Positive earnings report and raised growth outlook should support investor confidence. However, downward price target adjustments may temper enthusiasm.
What happened, with direct paths to the underlying reporting
Paychex reported 18% revenue increase, reaching $1.557 billion. Adjusted EPS was $1.26, above estimates but GAAP EPS slightly declined. Fiscal 2026 adjusted EPS growth outlook raised to 10%-11%. Analysts adjusted price targets downwards; mixed ratings on Paychex. Shares increased 2.1% post-earnings announcement.
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