Growth In Client Base Could Offset Impact Of Weak U.S. Job Market On Paychex's Earnings
Trefis • Yesterday, 5:29 PM
- Paychex is set to release its first quarter fiscal year 2015 earnings result on Wednesday, September 24, before the market opens.
- The weak job additions and increasing number of people dropping out of the labor force is not a good sign for Paychex's checks per client metric.
- With the deadline of adherence to provisions of the Affordable Care Act approaching, adoption of Paychex's products catering to the Affordable Care Act should help increase its clients.