PREVIEW: Paychex earnings, rev seen rising

** Shares in Paychex PAYX down 0.4% ahead of fiscal Q3 report due on Weds morning

** Wall St expects the provider of HR solutions such as payroll software and AI assisted recruiting to report adj EPS of $1.48 vs $1.38 in year-ago qtr on rev of $1.52 bln vs $1.44 bln a year-ago, according to the latest data from LSEG

** In last 8 quarters PAYX met or beat Street expectations 7 times while rev met or beat 4 times

** In Jan PAYX agreed to buy payroll processing firm Paycor (PYCR.O) for about $4.1 billion in cash, to broaden artificial intelligence capabilities, consolidate market share.

** Stock last traded at $144.25 vs median PT of $140.50, as per LSEG, which shows 18 analyst ratings of 1 'strong buy,' 14 'hold' 2 'sell,' and 1 'strong sell'

** With move on Tues, PAYX shares up ~3% YTD after rising ~18% in 2024 vs 2% gain for S&P 500 industrials index S5INDU, which rose nearly 16% in 2024