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Paychex (PAYX) Q2 Earnings: What To Expect

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Human capital management company Paychex (NASDAQ: PAYX) will be announcing earnings results this Wednesday morning. Here’s what to expect.

Paychex beat analysts’ revenue expectations last quarter, reporting revenues of $1.81 billion, up 19.9% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts’ EBITDA estimates.

Is Paychex a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Paychex’s revenue to grow 12.2% year on year, improving from the 10.2% increase it recorded in the same quarter last year.

Paychex Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Paychex has missed Wall Street’s revenue estimates multiple times over the last two years.

With Paychex being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for finance and hr software stocks. However, the whole sector has been hit hard over the last month as stocks in Paychex’s peer group are down 6.3% on average. Paychex is up 1.5% during the same time .

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