Paychex posted quarterly earnings that beat the Zacks Consensus Estimate.
The human capital management services company’s adjusted earnings came in at $0.81 per share, beating the Zacks Consensus Estimate of $0.79 per share. Earnings were $0.72 per share a year ago.
Revenues grew to $1.14 billion for the quarter ended May 2022, compared to $1.03 billion in the year-ago quarter. The figure exceeded the Zacks Consensus Estimate by 2.93%.
The current consensus estimate for Paychex earnings is $0.98 a share, and $1.16 billion in revenues for the coming quarter. For the current fiscal year, consensus expectation is $4.07 EPS on $4.91 billion in revenues.
The Moving Average Convergence Divergence (MACD) for PAYX turned positive on January 13, 2025. Looking at past instances where PAYX's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
PAYX moved above its 50-day moving average on January 15, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PAYX crossed bullishly above the 50-day moving average on January 22, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PAYX advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 312 cases where PAYX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for PAYX moved out of overbought territory on February 06, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where PAYX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on February 10, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PAYX as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAYX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PAYX broke above its upper Bollinger Band on February 05, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows