Earnings This Week: Paychex and Walgreens Results on Tap

Earnings This Week: Paychex and Walgreens Results on Tap

As second-quarter earnings season starts to gather steam next week; a payroll benefits manager and pharmacy chain are set to report results.

A couple of S&P 500 companies are expected to report financial results in the week ahead. Payroll benefits manager Paychex; Inc. (PAYX) - Get Report is expected to report adjusted net income of $217 million; or 60 cents a share, on sales of $910.9 million before the market opens on Tuesday; based on a FactSet survey of 18 analysts. In the same period a year ago; the company posted earnings of 63 cents a share on sales of $980.4 million. It reported net income of $324.6 million. In the upcoming quarter; analysts are forecasting adjusted net income of $221.5 million; or 61 cents a share; on sales of $917.2 million. For the year; analysts project revenue of $4 billion. Paychex is currently trading at a price-to-forward-earnings ratio of 27.4 based on the 12-month estimates of 19 analysts surveyed by FactSet. Jim Cramer and the Action Alerts Plus team are watching the IT Services sector. To find out more about what stocks they like in the industry click here now to get more from Action Alerts PLUS. On Thursday; Walgreens Boots Alliance Inc (WBA) - Get Report is expected to report net income of $981.5 million, or $1.20 a share; on sales of $34.3 billion before the market opens; based on a FactSet survey of 19 analysts. In the same period a year ago; the company posted earnings of $1.47 a share on sales of $34.6 billion. It reported net income of $1.2 billion. The stock has risen 1.4% since the company last reported earnings on April 2. You might also be in interested: 03.04.2020 Google Daily Analysis