Wall Street analysts expect Paychex to report quarterly earnings of $1.33 per share in its upcoming report, a year-over-year increase of 9%, on revenues of $1.62 billion, up 5.1% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for the quarter has been revised downward by 0.3%. Within the revenue breakdown, analysts project Management Solutions revenue of $1.22 billion, up 5.1%, and PEO and Insurance Solutions revenue of $353.39 million, up 7.4%, while total service revenue is expected to reach $1.58 billion, up 5.6%, and interest on funds held for clients is seen at $47.17 million, down 0.9%. Analysts also forecast average interest rates earned on funds held for clients of 3.3% versus 3.5% a year ago, and 3.6% on corporate cash equivalents and investments versus 4.2%. Over the past month, Paychex shares have returned -5.2% against the Zacks S&P 500 composite's -1.3% change, and the stock carries a Zacks Rank #3 (Hold).
Paychex IncPreview of Paychex's upcoming Q1 earnings with EPS/revenue estimates and a downward EPS revision; no actual result yet.
