Paychex Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Paychex, Inc. is set to release its first-quarter earnings results on October 1, with analysts expecting earnings per share to remain stable at $1.14 compared to the previous year [1][2]. Financial Performance - Analysts project Paychex will report quarterly revenue of $1.32 billion, an increase from $1.29 billion in the same quarter last year [2]. - The company reported a sales growth of 5% year-over-year to $1.295 billion, aligning closely with the analyst consensus estimate of $1.296 billion [2]. Analyst Ratings - Citigroup analyst Peter Christiansen maintained a Neutral rating and raised the price target from $125 to $145 [2]. - Barclays analyst Ramsey El-Assal maintained an Equal-Weight rating and increased the price target from $118 to $132 [2]. - TD Cowen analyst Bryan Bergin maintained a Hold rating and raised the price target from $121 to $126 [2]. - JP Morgan analyst Tien-Tsin Huang maintained an Underweight rating and increased the price target from $120 to $128 [2]. - Morgan Stanley analyst James Faucette maintained an Equal-Weight rating but reduced the price target from $125 to $122 [2]. Consensus Price Target - Paychex has a consensus price target based on the ratings of 19 analysts, with the highest target at $145 and the lowest at $120 [3].