Latest news with #Paychex
Yahoo
8 hours ago
- Business
- Yahoo
Earnings Preview: What To Expect From Paychex's Report
With a market cap of $52.7 billion, Paychex, Inc. (PAYX) is a leading provider of human capital management solutions, specializing in payroll, HR, benefits, and insurance services for small to medium-sized businesses. The company offers a comprehensive suite of customizable services to help businesses efficiently manage their workforce. Analysts project the Rochester, New York-based company to report an adjusted EPS of $1.22 in Q1 2026, a 5.2% growth from $1.16 in the year-ago quarter. The company has exceeded Wall Street's bottom-line estimates in the last four quarters. More News from Barchart Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Dear Microsoft Stock Fans, Mark Your Calendars for Aug. 1 Is Lucid Motors Stock a Buy, Sell, or Hold for July 2025? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2026, analysts forecast the payroll processing services expert to report adjusted EPS of $5.46, up 9.6% from $4.98 in fiscal 2025. PAYX stock has increased 16.3% over the past 52 weeks, underperforming the broader S&P 500 Index's ($SPX) 17.1% return and the Industrial Select Sector SPDR Fund's (XLI) 22.3% gain over the same period. Despite Paychex beating Q4 2025 estimates with adjusted EPS of $1.19 and revenue of $1.4 billion, shares tumbled 9.4% on Jun. 25 due to a sharp 11% drop in operating income to $431.1 million and a 700-basis-point decline in operating margin to 30.2%, both missing expectations. Analysts' consensus view on Paychex stock is cautious, with a "Hold" rating overall. Among 16 analysts covering the stock, 14 suggest a "Hold" and two provide a "Strong Sell" rating. As of writing, the stock is trading below the average analyst price target of $151. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
9 hours ago
- Business
- Business Wire
U.S. Small Business Job Growth Remains Stable in July
ROCHESTER, N.Y.--(BUSINESS WIRE)--Job growth among U.S. small businesses with fewer than 50 employees is holding steady, according to the Paychex Small Business Employment Watch for July. The national Small Business Jobs Index, a primary component of the report that measures the pace of small business job growth across the country, has increased 0.17 percentage points to 99.82 in July. Meanwhile, hourly earnings growth for small business workers has maintained a consistent trend, remaining below three percent (2.74%) for the ninth consecutive month. 'Our latest employment data points to a small business labor market that has remained consistent, including wages continuing below three percent, while workers have begun to see an increase in hours worked in July for the first time since August 2024,' said John Gibson, Paychex president and CEO. 'We enter the back half of 2025 in a very similar position as we started, which speaks to the resiliency of small businesses given the amount of uncertainty they faced so far this year.' Jobs Index and Wage Data Highlights The national Small Business Jobs Index in July (99.82) matches the 2025 year-to-date index level, showing modest month-to-month movement and signaling a consistent trend of stability for U.S. small businesses. Hourly earnings growth has continued to trend below three percent for 11 of the last 12 months, marking a return to the historical average seen from 2014-2020. Since hitting a six-year low in January 2025 (2.27%), weekly earnings growth among U.S. small business workers has steadily increased during the past six months to 2.76% in July. Weekly hours worked have shown positive growth in July (0.11%) for the first month since August 2024, and the one month annualized weekly hours worked jumped to 2.31% in July. The Midwest has been the top region for small business employment growth for the past 14 months. Bolstering the region, Ohio (101.09) continues to lead states for small business job growth in July, followed closely by Indiana (100.89). Education and Health Services leads sectors for small business job growth for the 14th-straight month. Leisure and Hospitality remains last among sectors for job growth (98.35) in July, but its jobs index represents the largest one-month gain (0.59 percentage points) among industries. More Information For more information about the Paychex Small Business Employment Watch, visit the website and sign up to receive monthly Employment Watch alerts. About the Paychex Small Business Employment Watch The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with fewer than 50 workers, the monthly report offers analysis of national employment and wage trends and examines regional, state, metro, and industry sector* activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy. The jobs index is scaled to 100, which represents no year-over-year change in job growth among same store businesses. Index values above 100 represent new jobs being added, while values below 100 represent jobs being lost. *Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website. About Paychex Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company's purpose of helping businesses succeed. Visit to learn more.
CNBC
10 hours ago
- Business
- CNBC
Paychex CEO John Gibson: Small business labor market remains fundamentally stable and resilient
Paychex CEO John Gibson joins 'Squawk Box' to discuss the latest data from Paychex's Small Business Jobs Index.
Yahoo
21-07-2025
- Business
- Yahoo
Manhattan Associates (MANH) Reports Earnings Tomorrow: What To Expect
Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) will be reporting results this Tuesday after market hours. Here's what to look for. Manhattan Associates beat analysts' revenue expectations by 2.3% last quarter, reporting revenues of $262.8 million, up 3.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and full-year EPS guidance beating analysts' expectations. Is Manhattan Associates a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Manhattan Associates's revenue to be flat year on year at $263.6 million, slowing from the 14.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Manhattan Associates has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.9% on average. Looking at Manhattan Associates's peers in the software-as-a-service segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Adobe delivered year-on-year revenue growth of 10.6%, beating analysts' expectations by 1.5%, and Paychex reported revenues up 10.2%, falling short of estimates by 1.1%. Adobe traded down 5.3% following the results while Paychex was also down 7.4%. Read our full analysis of Adobe's results here and Paychex's results here. There has been positive sentiment among investors in the software-as-a-service segment, with share prices up 5% on average over the last month. Manhattan Associates is up 4.6% during the same time and is heading into earnings with an average analyst price target of $206.11 (compared to the current share price of $201.50). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
The Guardian
20-07-2025
- Business
- The Guardian
It's time to rethink how we measure labor in the US
Last week the Wall Street Journal reported that, as a result of the 'tougher environment' in the labor market, companies are 'in control again' and are warning applicants of 'long hours and few boundaries'. At the same time some industries are reporting worker shortages due to Donald Trump's immigration crackdown. And then there's artificial intelligence, which is about to devastate the jobs market – or is about to create new jobs. Amid all this change, what do we really know about the jobs market? Just the other week the Department of Labor said the economy added 147,000 new jobs to the economy. So that seems encouraging? But the official figures are subject to revision – and big ones too. The labor department has said its own numbers were overstated by as much as 818,000 during the first eight months of 2024. The payroll giant ADP is more in line with the some pessimists on Wall Street, saying that the private economy shrank by 33,000 in June. But their competitor, Paychex, reported that small business employment – which represents about half of the country's workers – has continued to 'hold steady' throughout this year. Job openings 'jumped' to a six-month high last month. Does anyone know how the labor market is actually doing? No economist, no government agency, no academic that I know has yet figured out how many Americans are working or not. Why? Because it's not just about jobs anymore. It's about income. The 'jobs' data we read isn't relevant. Last week a report in Fortune introduced us the concept of the 'over-employed'. These are workers – many in the tech industry – that are holding down more than one job at a time, with some making as much as $3,000 per day working for multiple employers. But the over-employed trend goes beyond this. That's because in the same week, new data from the Bureau of Labor Statistics revealed what we already knew: workers working remotely were logging two hours less hours per day than their counterparts coming into the office. So what are they doing with this extra time? Maybe they're watching Netflix. Others were generating more income for themselves doing other things, like starting their own businesses. According to new data from the Census Bureau: almost 460,000 applications were filed for new businesses in June alone, a level almost twice the amount of the monthly average before the pandemic. We all know these 'workers'. Some have multiple full-time jobs. Others have multiple part-time jobs. Many have multiple sources of income. They drive Ubers. They have Etsy shops. They're selling used sneakers on eBay and working late shifts under the table at the local bar. They write programs. They work with data. They do it all! Are we taking all of these people into consideration when analyzing the 'job market?' Some of the 'over-employed' and really just underpaid and need the extra work to make ends meet, unfortunately. According to a new NerdWallet data, nearly two in five Americans are aiming to make more money this year and 10% have started a side business or second job just to cover basic necessities. In this increasingly complicated 'jobs' market perhaps it is time for economists to stop evaluating the labor market in terms of jobs. This is quickly becoming obsolete. We need to measure income. How many people over the age of 18 in the US are earning more than, say $50,000 per year, taking into consideration all sources of income and inflation-adjusted? What percentage is that compared to the working-age population? How has that increased or decreased over time? Isn't this more relevant than the numbers we're getting now? And shouldn't the numbers come from actual, real data and not from an unreliable Department of Labor survey that's revised 10 times after it is initially published? Can't we get this information from tax returns, social security and private sources such as Etsy, Amazon, eBay, ADP and Paychex? Can't this be calculated and updated monthly and annually? Of course it can. Major economic policy decisions still hinge on the unemployment rate and jobs growth. Politicians get re-elected or ejected on this data. But in a job market that's being shaken by AI, immigration and the rapid rise of side gigs, it's time we rethought how we measure the health of the labor market.
