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Paychex CEO says small business owners are 'resilient in this economy'
CNBC· 2025-09-30 22:44
In a Tuesday interview with CNBC's Jim Cramer, Paychex CEO John Gibson suggested small businesses are persevering despite an uncertain economic landscape and cited his company's report about employment data over the last month."We just reported our jobs report a few hours ago, and the labor market for small businesses continued to have a very slight change to what we've seen all year," Gibson said. "Stable job growth, wage inflation continues below 3%, and there's really no signs of recession. We continue t ...
Paychex, Inc. (NASDAQ: PAYX) Overview and Analyst Insights
Financial Modeling Prep· 2025-09-30 15:00
The consensus price target for Paychex, Inc. (NASDAQ: PAYX) has been adjusted from $150.86 to $140, with Citigroup setting a more optimistic target at $145.Paychex is anticipated to report a 16.6% year-over-year revenue increase in its upcoming first-quarter earnings, driven by strong segment performance and contributions from Paycor.The Paychex Small Business Employment Watch indicates stable job growth among U.S. small businesses, though hourly earnings for workers are below expectations, reflecting broad ...