Rochester, New York-based Paychex, Inc. (PAYX) provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses. With a market cap of $47.9 billion, Paychex's operations span the United States, Europe, and internationally. The tech giant is expected to release its Q1 earnings before the market opens on Tuesday, Oct. 1.
Ahead of the event, analysts expect Paychex to report a profit of $1.14 per share, matching year-ago quarters figures. The company has consistently surpassed Wall Street’s EPS estimates in each of the past four quarters. Its EPS for the last reported quarter grew by 15.5% year-over-year to $1.12, exceeding the consensus estimates by 1.8%.
