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Wolfe Research analyst Darrin Peller upgrades Paychex (NASDAQ:PAYX) from Underperform to Peer Perform.
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Paychex is set to report Q1 FY2027 results on September 23, 2026, with consensus estimates for $1.6B in revenues (up 5.1% YoY) and $1.33 EPS (up 9% YoY). Growth is expected to be driven by improved bookings, pricing strategies, Paycor cross-selling, PEO momentum, and AI-driven productivity gains. However, the company's Earnings ESP of 0.00% and Zacks Rank #3 suggest the model does not conclusively predict an earnings beat.
Paychex will report Q1 earnings Sept. 23, with analysts expecting EPS of $1.32 and revenue of $1.63B; analysts recently raised price targets.
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