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Paychex, Inc. (PAYX - Free Report) is scheduled to release its fourth-quarter fiscal 2023 results on June 29, before the market open.
The company has a decent earnings surprise history with earnings surpassing the Zacks Consensus Estimate in all four trailing quarters. The average earnings surprise is 4.2%.
Expectations From PAYX in Q4
The Zacks Consensus Estimate for the top line is currently pegged at $1.22 billion, up 6.5% from the year-ago actual figure. The uptick is likely to have been due to the expected demand for advisory assistance and HR outsourcing solutions.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Get the latest research report on MAN - FREE
Get the latest research report on PAYX - FREE
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Get the latest research report on EFX - FREE