Seeking Clues to Paychex (PAYX) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Insights - Paychex is expected to report quarterly earnings of $1.48 per share, a 7.3$1.51 billion, reflecting a 4.8% increase compared to the previous year [1] - The consensus EPS estimate has remained stable over the last 30 days, indicating analysts have reassessed their initial projections [1][2] Revenue Estimates - Analysts estimate 'Revenue- Management Solutions' to be $1.10 billion, marking a 4.4$40.82 million, indicating a 7% decrease year-over-year [4] - 'Revenue- Total service revenue' is projected to reach $1.47 billion, representing a 5.2$371.35 million, reflecting a 7.5% year-over-year increase [5] Investment Balances and Interest Rates - The 'Average investment Balance - Funds held for clients' is projected to be $4.98 billion, unchanged from the previous year [5] - 'Average interest rates earned (exclusive of net realized gains) - Funds held for clients' is estimated at 3.4$1.50 billion, compared to $1.53 billion reported in the same quarter last year [6] - 'Average interest rates earned (exclusive of net realized gains) - Corporate cash equivalents and investments' is projected to be 4.5%, down from 5.1% in the same quarter last year [7] Stock Performance - Over the past month, Paychex shares have returned -1.7%, while the Zacks S&P 500 composite has seen a -7.5% change [8] - Paychex currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [8]