Payroll and human resources software provider, Paychex (NASDAQ: PAYX) will be reporting results tomorrow morning. Here’s what to expect.

Paychex met analysts’ revenue expectations last quarter, reporting revenues of $1.32 billion, up 4.7% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates.

Is Paychex a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Paychex’s revenue to grow 4.9% year on year to $1.51 billion, in line with the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.48 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Paychex has missed Wall Street’s revenue estimates three times over the last two years.

With Paychex being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for finance and HR software stocks. However, the whole sector has faced a sell-off over the last month with stocks in Paychex’s peer group down 6.1% on average. Paychex is down 3.8% during the same time and is heading into earnings with an average analyst price target of $139.87 (compared to the current share price of $144.13).

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