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0.000995183312766212 0.000995183312766212 3.98073325106123E-05 0.000915568647744874 -0.00059710998765975 -0.000915568647744874 -0.0029059352732773 -0.00258747661319217
Stock impact report

What To Expect From Paychex Q4 Results [Forbes]

Paychex, Inc. (PAYX) 
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Company Research Source: Forbes
Payroll and HR solutions player is expected to publish its Q4 FY'24 results on June 26, reporting on a period that saw the U.S. job market remain relatively buoyant. We expect earnings for the quarter to come in at about $1.06 per share, marginally ahead of consensus estimates, while revenues are likely to grow about 5% year-over-year to $1.3 billion. So what are some of the trends that are likely to drive the company's earnings for the quarter? Paychex's business is likely to hold up quite well as the labor market remains strong. Employers in the U.S. added 272,000 jobs in May, an increase from 175,000 jobs added in April. This could indicate that employers remain confident about the broader economic outlook, driving up demand for Paychex services which include helping businesses with payroll, payroll taxes and HR solutions such as applicant tracking, and the onboarding of new hires. We expect the company's management solutions business to be the primary driver of growth, led by a Show less Read more
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