These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
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Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Payroll services company Paychex Inc (NASDAQ: PAYX) reported second-quarter FY24 sales growth of 6% year-on-year to $1.26 billion, slightly missing the analyst consensus estimate of $1.27 billion. Adjusted EPS of $1.08 beat the analyst consensus estimate of $1.07. Selling, general and administrative expenses climbed 8% to $387.6 million. Operating income for the quarter increased 7% to $506.2 million with an operating margin of 40.2%, a 50 basis point expansion. The company held $1.4 billion in
The oil refiner's adjusted net income for the quarter was $2.07 billion, or $4.63 per share, compared to $3.12 billion in the prior-year quarter.
With increasing geopolitical tensions in Central Asia and upbeat earnings driven by robust weapon sales, look into Aerospace and Defence ETFs as they report Q3 earnings.
ELF, VEOEY and NSANY made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 25, 2023.