Paychex is set to announce its second-quarter earnings results this Wednesday morning. Analysts expect the human capital management company to report revenue growth of 12.2% year on year, an improvement from the 10.2% increase recorded in the same quarter last year. The company beat revenue expectations last quarter, reporting $1.81 billion, up 19.9% year on year, with a narrow beat on EBITDA estimates. Over the last 30 days, most analysts have reconfirmed their estimates, though Paychex has missed Wall Street revenue estimates multiple times over the past two years. Paychex shares are up 1.5% over the last month, while its peer group has declined 6.3% on average.
Paychex IncEarnings report is upcoming; expectations of 12.2% revenue growth and past beats/misses create uncertainty.