A Preview Of Paychex's Earnings
Portfolio Pulse from Benzinga Insights
Paychex (NASDAQ:PAYX) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.97. The company's past performance shows a pattern of share price drops following earnings beats. Shares of Paychex were trading at $111.07 as of June 27, with a 52-week return of -3.22%.
June 28, 2023 | 2:03 pm
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NEGATIVE IMPACT
Paychex is expected to report an EPS of $0.97 in its upcoming earnings. The company's stock has historically dropped following earnings beats, and its 52-week return is -3.22%.
The upcoming earnings report is highly relevant to Paychex's stock. Given the historical pattern of share price drops following earnings beats, and the negative 52-week return, the short-term impact on the stock is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100