Peering into Analyst’s Take on Bank of America Corporation (NYSE:BAC), Paychex, Inc. (NASDAQ:PAYX)

For the current quarter, analysts are expecting Bank of America Corporation (NYSE:BAC) to report EPS of $0.35. This consensus estimate is provided by Zacks Research. After the period that ended on 2016-12-31, Bank of America Corporation (NYSE:BAC) reported an EPS actual of $0.4. The difference between the actual and estimate resulted in a surprise factor of 5.26%. The company is expected to release their next earnings report on or around 2017-04-18. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of Bank of America Corporation (NYSE:BAC) have a current ABR or average broker rating of 1.7. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of Bank of America Corporation (NYSE:BAC) is $24.281. The top analyst target is $28, and the lowest target is $15 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

Paychex, Inc. (NASDAQ:PAYX) shares have a current ABR (average broker recommendation) of 3.37. This recommendation is offered by Zacks Research. The rating lands on a sliding numerical scale from 1 to 5. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. The mean rating may help provide a general sense of analyst sentiment on company shares.

Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of Paychex, Inc. (NASDAQ:PAYX). The highest current target is $65. The lowest price target out of the polled analysts is presently $47.77. The consensus target price is currently noted at $57.84. Analysts may employ various techniques to help predict future stock price levels.

On the earnings front, Paychex, Inc. (NASDAQ:PAYX) is expected to post quarterly earnings per share of $0.53. This is the current consensus figure provided by Zacks. Investors and analysts will be looking for the company to next post earnings on or around 2017-06-29. Paychex, Inc. (NASDAQ:PAYX) most recently reported quarterly EPS of $0.55 for the quarter ending 2017-02-28. The gap between the actual and the projected estimate leading up to earnings created a surprise factor of 1.85%.

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