Earnings Preview: Paychex
Portfolio Pulse from Benzinga Insights
Paychex (NASDAQ:PAYX) is scheduled to release its quarterly earnings report on Thursday, 2023-12-21, with analysts expecting an EPS of $1.07. Investors are looking for an earnings beat and positive guidance for the next quarter. Last quarter, Paychex beat EPS estimates by $0.02, leading to a 0.52% share price increase the following day. Shares are currently trading at $128.79, up 14.99% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 20, 2023 | 2:00 pm
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POSITIVE IMPACT
Paychex is expected to report quarterly earnings with an anticipated EPS of $1.07. A beat on this estimate and positive future guidance could positively impact the stock price, as seen last quarter with a 0.52% rise post-earnings.
Given Paychex's history of beating EPS estimates and the subsequent positive stock movement, a repeat performance could lead to a similar short-term price increase. The stock's upward trend over the past year further supports a potential positive reaction to a strong earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100