Core Viewpoint - Analysts project that Paychex will announce quarterly earnings of $1.14 per share, indicating no change year over year, with revenues expected to reach $1.31 billion, reflecting a 2.2% increase from the same quarter last year [1] Group 1: Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating analysts' collective reconsideration of their initial forecasts [1][2] - Changes in earnings estimates are crucial for predicting potential investor reactions to the stock, with empirical studies showing a strong relationship between earnings estimate revisions and short-term price performance [2] Group 2: Revenue Projections - Analysts predict 'Revenue- Management Solutions' will reach $959.10 million, a change of +0.4% from the prior-year quarter [4] - The consensus estimate for 'Revenue- Total service revenue' stands at $1.28 billion, indicating a +2% change from the year-ago quarter [4] - 'Revenue- PEO and Insurance Services' is projected to reach $318.88 million, reflecting a +7.1% change from the year-ago quarter [5] Group 3: Investment Metrics - Analysts estimate 'Average investment Balance - Funds held for clients' will reach $4.21 billion, compared to $4.16 billion in the same quarter of the previous year [5] - 'Average interest rates earned (exclusive of net realized gains) - Funds held for clients' is forecasted to be 3.3%, up from 3.2% year-over-year [6] - 'Average investment Balance - Corporate cash equivalents and investments' is expected to reach $1.75 billion, compared to $1.71 billion in the previous year [6] Group 4: Market Performance - Shares of Paychex have changed by +1.9% in the past month, compared to a +1.7% move of the Zacks S&P 500 composite [7] - Paychex holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near future [7]

Core Viewpoint - Wall Street anticipates flat earnings for Paychex in the upcoming quarter, with a consensus EPS estimate of $1.14, unchanged from the previous year, while revenues are expected to rise by 2.2% to $1.31 billion [1][3]. Earnings Expectations - The earnings report is scheduled for October 1, 2024, and could lead to stock price movement depending on whether actual results exceed or fall short of expectations [2]. - A positive earnings surprise could enhance stock performance, while a miss may lead to a decline [2]. Estimate Revisions - The consensus EPS estimate has remained stable over the last 30 days, indicating that analysts have not significantly changed their outlook [4]. - The Zacks Earnings ESP model suggests that recent analyst revisions indicate a more optimistic view, with a positive Earnings ESP of +2.55% for Paychex [10]. Historical Performance - Paychex has a history of beating consensus EPS estimates, having done so in the last four quarters, including a +1.82% surprise in the most recent quarter [12][13]. - Despite this positive history, the current Zacks Rank for Paychex is 4, which complicates predictions for an earnings beat [11]. Conclusion - While Paychex shows some potential for an earnings surprise based on recent estimates, the overall outlook is mixed due to its Zacks Rank, suggesting caution for investors [16].

Core Viewpoint - Paychex (PAYX) is well-positioned to continue its earnings-beat streak in upcoming reports, supported by a history of positive earnings surprises and favorable earnings estimates [1][3]. Earnings Performance - For the last reported quarter, Paychex achieved earnings of $1.12 per share, exceeding the Zacks Consensus Estimate of $1.10 per share, resulting in a surprise of 1.82% [2]. - In the previous quarter, the company reported earnings of $1.38 per share against an expected $1.36 per share, delivering a surprise of 1.47% [2]. Earnings Estimates - There has been a favorable change in earnings estimates for Paychex, with a positive Earnings ESP (Expected Surprise Prediction) indicating strong potential for an earnings beat [3][6]. - The current Earnings ESP for Paychex is +2.55%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5].

ITkach/iStock via Getty Images Paychex (NASDAQ:PAYX), a leader in the Human Capital Management software and payroll space in the United States, was founded in 1971 by Thomas Golisano, and went public in 1983. It has been a monster compounder over the years: since 1994 when Seeking Alpha's data starts, it has delivered a total return of more than 13,700% compared to the S&P 500's 1,100%. It's often a good idea to own leaders and a very good idea to own compounders, but of course, investing is about the futur ...

Colleagues working together at the office. gradyreese/iStock via Getty Images I'm a big believer that there is dignity in work. For most people, I sincerely believe that some kind of work is necessary for health and well-being. At the same time, I believe that it's advisable to plan for the day one no longer wants to/can no longer keep working. I say this as one of the blessed few who enjoy what I do for a living. I hope that I can be an equity analyst for many more decades. Yet, there's still something tha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-K _________________________________________ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to __________ Commission file number 0-11330 ____________________________________ Paychex ...

Core Insights - Paychex, Inc. (PAYX) reported strong fourth-quarter results for fiscal 2024, driven by increased product penetration, higher Professional Employer Organization (PEO) insurance revenues, and rising average interest rates [1] Revenue Performance - Management Solutions segment revenues reached $930.3 million, reflecting a 3% year-over-year increase, slightly above the estimate of $930.2 million, indicating 2.8% growth from the previous year [2] - Interest on funds revenues amounted to $38.2 million, a significant 54% increase year-over-year, although it fell short of the estimated $41.5 million, which implied a 66.8% growth [3] - PEO and Insurance Solutions segment revenues were $326.6 million, up 9% from the year-ago quarter, but below the anticipated $327.7 million, indicating 9.4% growth year-over-year [5] - Total revenues for Paychex were $1.3 billion, which missed the consensus estimate slightly but still represented a 5.3% year-over-year increase [4] Earnings Performance - Paychex's earnings per share (EPS) of $1.1 exceeded the Zacks Consensus Estimate by 1.8% and increased by 15.5% year-over-year [4] - The earnings beat did not significantly impact market performance, as there was no major price change following the earnings release [6]

After the company reported its full-year 2024 earnings results, shares of Paychex Inc. NASDAQ: PAYX are trading lower by as much as 5.5% in the morning's trading session. The initial reaction to earnings came as a surprise, as the actual results were nothing to bearish about, although management's guidance could have disappointed those used to easy profits. PAYX Paychex Today Paychex $117.39 -7.64 (-6.11%) 52-Week Range $106.27 ▼ $129.70 Dividend Yield 3.34% P/E Ratio 25.58 Price Target $123.00 Add to Watch ...

Paychex, Inc. (NASDAQ:PAYX) Q4 2024 Earnings Conference Call June 26, 2024 9:30 AM ET Company Participants John Gibson - President and CEO Bob Schrader - CFO Conference Call Participants Bryan Bergin - TD Cowen Kevin McVeigh - UBS James Faucette - Morgan Stanley Samad Samana - Jefferies Caroline Latta - Bank of America Andrew Nicholas - William Blair Ashish Sabadra - RBC Capital Markets Peter Christiansen - Citi Ramsey El-Assal - Barclays Bryan Keane - Deutsche Bank David Togut - Evercore ISI Kartik Mehta - ...

Paychex, Inc. (PAYX) has reported mixed fourth-quarter fiscal 2024 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed the same. PAYX's earnings of $1.1 per share beat the Zacks Consensus Estimate by 1.8% and increased 15.5% from the year-ago quarter. Total revenues of $1.3 billion missed the consensus estimate marginally but rose 5.3% from the year-ago quarter. Quarter in Detail Revenues from the Management Solutions segment increased 3% on a year-over-year basis to $930.3 milli ...