Paychex Likely To Report Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Paychex, Inc. (NASDAQ:PAYX) is expected to report higher Q1 earnings for fiscal 2024 on Sept. 27, 2023. Analysts predict earnings of $1.12 per share, up from $1.03 per share a year ago, and revenue of $1.29 billion, up from $1.19 billion. The company's shares fell 1.4% to close at $112.72 on Tuesday. Recent price target changes by analysts range from $115 to $134.
September 27, 2023 | 6:17 am
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Paychex is expected to report higher Q1 earnings. The company's shares fell 1.4% recently. Analysts' price targets range from $115 to $134.
The expected increase in earnings and revenue for Paychex could positively impact the company's stock. However, the recent fall in share price and varying price targets from analysts suggest uncertainty.
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