Paychex (PAYX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Paycom Software's (PAYC) Q3 results was positively impacted by higher recurring revenues and higher traction in cloud-based offerings.
Paychex's (PAYX) investments in product development, technology and focus on building its sales force to support revenue growth boost optimism.
Paychex announced its Q1 fiscal 2018 results on October 3, reporting a 4% annual increase in its revenues to $817 million. While the majority of the top line growth was driven by strong demand for HR outsourcing solutions, its core payroll processing services continued to deliver steady growth
Paychex's (PAYX) first-quarter fiscal 2018 earnings tops estimate and marked significant year-over-year improvement mainly driven from higher revenues and efficient cost management.
Paychex (PAYX) reported strong first-quarter fiscal 2018 results wherein its top and bottom line both came ahead of the respective Zacks Consensus Estimate as well as marked a significant year over year improvement.
Paychex is scheduled to announce its Q1 FY 2018 earnings before the markets open on October 3. The company’s top line growth over the last few years has been driven by the double digit jump in its HR outsourcing and services business.
Paychex's (PAYX) synergies from acquisitions along with investments in product development and focus on building its sales force are likely to act as a tailwind in Q1 results.
Though acquisitions and improving IT spending are likely to contribute significantly to Accenture's (ACN) revenues, rising investments may dent its profitability.
FactSet Research's (FDS) synergies from acquisitions coupled with share repurchase program are likely to act as a tailwind in fourth-quarter results.
Improving prices for DRAM and NAND chips will have a favorable influence on Micron's (MU) Q4 top line, the benefit of which will likely trickle down to the bottom line.
We expect fiscal second-quarter earnings of Paycom Software (PAYC) to gain traction from higher demand for advanced human capital management and payroll software solutions.
Automatic Data Processing's (ADP) fourth-quarter earnings were negatively impacted by higher expenses related to Service Alignment Initiative.
ADP's Q4 earnings are expected to be negatively impacted by stiff competition from the likes of Paychex. We also expect the company's investments in new initiatives to weigh on near-term earnings.