PAYCHEX 868284 prifitiert von der Jobmaschine USA - Die letzten 30 Beiträge

[Chartier]

und ein neues Signal

[Chartier]

Geht es hier richtig los?



Weitere Analysen sind hier zu finden
Thread: Charts 2023 by Chartier

[Malecon]

PAYCHEX - Kommt jetzt wieder Schwung rein?

https://www.onvista.de/news/paychex-kommt-jetzt-wieder-schwu…


Mit Chart und Begründung. 💡

[1435905]

"Paychex profitiert von der Jobmaschine USA" und ist anders herum direkt von der Arbeitslosigkeit Millionen Amerikaner betroffen. Dafür hält sich der Wert ganz gut. Wohl auch, weil sie die Bandbreite ihrer Dienstleistungen kontinuierlich ausgebaut haben und inzwischen weit mehr als nur die Bearbeitung der payroll machen.

[R-BgO]

aktuell KGV 29

[phre22]

hier ein frisches Video zu Paychex...

Das Unternehmen wird aus Sicht eines reinen Value-Investors geprüft.

Ich finde es sehr gut. Besser als irgendwelche Charttechnik etc.

https://youtu.be/0jaQZjDuwRQ

[1435905]

Antwort auf Beitrag Nr.: 58.214.552 von R-BgO am 14.07.18 15:54:39

Das gilt für viele Verkäufe:
Die meisten Titel haben in den letzten 4 1/2 Jahren sehr gut performt.
Evtl. hast du ja auch etwas besseres mit dem Geld angestellt.

[R-BgO]

Antwort auf Beitrag Nr.: 45.750.605 von R-BgO am 03.11.13 17:01:18

hätte ich

nie verkaufen dürfen

[1435905]

Paychex Inc. Q4 adjusted earnings Miss Estimates

Paychex Inc. (PAYX) released a profit for its fourth quarter that increased from the same period last year.

The company's profit totaled $228.5 million, or $0.63 per share. This compares with $195.3 million, or $0.54 per share, in last year's fourth quarter.

Excluding items, Paychex Inc. reported adjusted earnings of $219.1 million or $0.61 per share for the period.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $871.1 million from $798.6 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q4): $219.1 Mln. vs. $194.3 Mln. last year. -EPS (Q4): $0.61 vs. $0.54 last year. -Analysts Estimate: $0.62 -Revenue (Q4): $871.1 Mln vs. $798.6 Mln last year.

Quelle: dpa-AFX vom 27.06.2018

[1435905]

Paychex mit Zahlen für das dritte Quartal und Update für 2018

https://www.zacks.com/stock/news/297022/paychex-payx-beats-q…

[1435905]

Paychex mit einer Akquisition

Paychex kauft in Europa zu:
https://www.streetinsider.com/dr/news.php?id=13887054
Über den Preis findet man leider keine Aussage.

[1435905]

Is Paychex Inc A Good Choice For Dividend Investors?

https://simplywall.st/stocks/us/software/nasdaq-payx/paychex…

[1435905]

Paychex Inc. Reveals 7% Rise In Q2 Earnings

Paychex Inc. (PAYX) reported earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line rose to $214.4 million, or $0.59 per share. This was up from $201.2 million, or $0.56 per share, in last year's second quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $826.5 million. This was up from $771.4 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q2): $214.4 Mln. vs. $201.2 Mln. last year. -Earnings Growth (Y-o-Y): 6.6% -EPS (Q2): $0.59 vs. $0.56 last year. -EPS Growth (Y-o-Y): 5.4% -Analysts Estimate: $0.59 -Revenue (Q2): $826.5 Mln vs. $771.4 Mln last year. -Revenue Change (Y-o-Y): 7.1%

Quelle: dpa-AFX

[1435905]

Paychex lädt zur Aktionärsversammlung und schüttet seit 1988 eine Dividende aus

Der amerikanische Finanzdienstleister Paychex (ISIN: US7043261079, NASDAQ: PAYX) lädt seine Aktionäre zur heutigen Aktionärsversammlung nach Rochester im Bundesstaat New York. Paychex schüttet aktuell auf das Jahr hochgerechnet 2,00 US-Dollar Dividende aus. Auf Basis des derzeitigen Börsenkurses von 63,71 US-Dollar (Stand: 10. Oktober 2017) entspricht dies einer aktuellen Dividendenrendite von 3,14 Prozent.
Seit dem Jahr 1988 wird eine Dividende an die Aktionäre ausgeschüttet. Paychex mit Firmensitz in Rochester wurde 1971 von B. Thomas Golisano mit einem Startkapital von 3.000 US-Dollar und einem einzigen Mitarbeiter gegründet. Ende 2003 startete die Paychex Deutschland GmbH in Hamburg. Das Unternehmen übernimmt Lohn- und Gehaltsabrechnungen speziell für kleine und mittelgroße Firmen.
Im ersten Quartal 2018 betrug der Umsatz 816,8 Mio. US-Dollar (Vorjahr: 785,5 Mio. US-Dollar) bei einem Gewinn von 227,8 Mio. US-Dollar (Vorjahr: 217,4 Mio. US-Dollar), wie am 3. Oktober 2017 berichtet wurde. Im Fiskaljahr 2017 kletterte der Umsatz der Paychex, Inc. um 7 Prozent auf 3,15 Mrd. US-Dollar. Der Gewinn stieg um 8 Prozent auf 817,3 Mio. US-Dollar.
An der Wall Street beträgt die aktuelle Marktkapitalisierung 22,87 Mrd. US-Dollar und seit Jahresanfang 2017 liegt die Aktie an der Wall Street mit 4,65 Prozent im Plus (Stand: 10. Oktober 2017).

Quelle: MyDividends vom 11.10.2017

[1435905]

Paychex erhöht die Dividende

Der US-Finanzdienstleister Paychex (ISIN: US7043261079, NASDAQ: PAYX) wird eine Quartalsdividende in Höhe von 50 US-Cents ausschütten und erhöht damit die Dividendenauszahlung im Vergleich zum Vorquartal (0,46 US-Dollar) um 9 Prozent.

Auf das Jahr hochgerechnet werden 2,00 US-Dollar Dividende bezahlt. Auf Basis des aktuellen Börsenkurses von 57,24 US-Dollar (Stand: 12. Juli 2017) entspricht das einer Dividendenrendite von 3,49 Prozent. Die Auszahlung erfolgt am 24. August 2011 (Record date: 1. August 2017).

Paychex aus Rochester im Bundesstaat New York wurde 1971 von B. Thomas Golisano mit einem Startkapital von 3.000 US-Dollar und einem einzigen Mitarbeiter gegründet. Ende 2003 startete die Paychex Deutschland GmbH in Hamburg. Das Unternehmen übernimmt Lohn- und Gehaltsabrechnungen speziell für kleine und mittelgroße Firmen.

Im Fiskaljahr 2017 kletterte der Umsatz der Paychex, Inc. um 7 Prozent auf 3,15 Mrd. US-Dollar, wie am 28. Juni berichtet wurde. Der Gewinn stieg um 8 Prozent auf 817,3 Mio. US-Dollar.

An der Wall Street beträgt die aktuelle Marktkapitalisierung 20,12 Mrd. US-Dollar und seit Jahresanfang liegt die Aktie an der Wall Street mit 5,98 Prozent im Minus.

Quelle: mydividends vom 12.07.2017

[1435905]

Quartalszahlen & Ausblick

Paychex Issues FY18 Outlook

Paychex Inc. (PAYX) announced, for fiscal 2018, the company expects: adjusted net income to increase approximately 7%; and adjusted earnings per share to increase in the range of 7% to 8%.

For fiscal 2018, Paychex expects total revenue, including interest on funds held for clients, to increase approximately 5%. Payroll service revenue is anticipated to increase in the range of 1% to 2%; HRS revenue is anticipated to increase in the range of 8% to 10%.

For fiscal 2017, Paychex reported that its net income and earnings per share both increased 8% to $817.3 million and $2.25 per share, respectively. For the fiscal year, total revenue and total service revenue both increased 7% to $3.2 billion and $3.1 billion, respectively.

Quelle: dpa-AFX vom 28.06.2017

[1435905]

Ausblick

Paychex Backs FY17 Outlook

Paychex Inc. (PAYX) said that it still expects net income for the fiscal year ending May 31, 2017 to increase about 7% and adjusted net income to increase about 8%.

Annual payroll service revenue is anticipated to increase in the range of 3% to 4%. HRS revenue is anticipated to increase in the range of 12% to 14%. Total service revenue is expected to increase in the range of 7% to 8%. Interest on funds held for clients is expected to reflect upper-single-digit growth.

Quelle: dpa-AFX vom 29.03.2017

[1435905]

Paychex mit Quartalszahlen

Paychex Inc. Reports 10% Increase In Q3 Earnings


Paychex Inc. (PAYX) reported earnings for its third quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $199.3 million, or $0.55 per share. This was up from $180.4 million, or $0.50 per share, in last year's third quarter.

The company said revenue for the quarter rose 5.7% to $795.8 million. This was up from $752.6 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q3): $199.3 Mln. vs. $180.4 Mln. last year. -Earnings Growth (Y-o-Y): 10.5% -EPS (Q3): $0.55 vs. $0.50 last year. -EPS Growth (Y-o-Y): 10.0% -Revenue (Q3): $795.8 Mln vs. $752.6 Mln last year. -Revenue Change (Y-o-Y): 5.7%

Quelle: dpa-AFX vom 29.03.2017

[1435905]

Paychex mit Quartalszahlen

Paychex Inc. Reveals 6% Increase In Q2 Earnings

Paychex Inc. (PAYX) reported earnings for its second quarter that climbed from last year.

The company said its bottom line totaled $201.2 million, or $0.56 per share. This was up from $189.0 million, or $0.52 per share, in last year's second quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.8% to $771.4 million. This was up from $722.4 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q2): $201.2 Mln. vs. $189.0 Mln. last year. -Earnings Growth (Y-o-Y): 6.5% -EPS (Q2): $0.56 vs. $0.52 last year. -EPS Growth (Y-o-Y): 7.7% -Analysts Estimate: $0.56 -Revenue (Q2): $771.4 Mln vs. $722.4 Mln last year. -Revenue Change (Y-o-Y): 6.8%

Quelle: dpa-AFX

[1435905]

Paychex meldet Dividende

Der Finanzdienstleister Paychex (ISIN: US7043261079, NASDAQ: PAYX) wird eine Quartalsdividende in Höhe von 46 US-Cents ausschütten.

Auf das Jahr hochgerechnet werden 1,84 US-Dollar Dividende bezahlt. Auf Basis des aktuellen Börsenkurses von 56,29 US-Dollar (Stand: 12. Oktober 2016) entspricht das einer Dividendenrendite von 3,27 Prozent. Die Auszahlung erfolgt am 22. November 2016 (Record date: 1. November 2016).

Paychex aus Rochester im Bundesstaat New York wurde 1971 von B. Thomas Golisano mit einem Startkapital von 3.000 US-Dollar und einem einzigen Mitarbeiter gegründet. Ende 2003 startete die Paychex Deutschland GmbH in Hamburg. Das Unternehmen übernimmt Lohn- und Gehaltsabrechnungen speziell für kleine und mittelgroße Firmen.

Auf Sicht von 12 Monaten liegt die Aktie an der Wall Street aktuell mit 6,35 Prozent im Plus.

Quelle: MyDividends.de

[1435905]

Paychex Inc. Q1 Income Rises 4%

Paychex Inc. (PAYX) announced a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line climbed to $217.4 million, or $0.60 per share. This was higher than $209.1 million, or $0.58 per share, in last year's first quarter.

The company said revenue for the quarter rose 8.6% to $785.5 million. This was up from $723.0 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q1): $217.4 Mln. vs. $209.1 Mln. last year. -Earnings Growth (Y-o-Y): 4.0% -EPS (Q1): $0.60 vs. $0.58 last year. -EPS Growth (Y-o-Y): 3.4% -Revenue (Q1): $785.5 Mln vs. $723.0 Mln last year. -Revenue Change (Y-o-Y): 8.6%

Quelle: dpa-AFX

Die Zahlen sind zwar gut, der Ausblick für 2017 wurde jedoch leicht reduziert. Letzteres ist mutmaßlich auch der Grund für den kräftigen Kursrückgang im heutigen Handel.
Auf Jahressicht steht aber weiterhin ein sattes Plus.

[1435905]

Dividende und Rückkaufprogramm

Eine 10%ige Dividendenerhöhung sowie ein 350 Mio. Rückkaufprogramm gab's auch noch:

http://www.marketwatch.com/story/paychex-raises-quarterly-di…

[1435905]

Paychex Inc. Profit Rises 10% In Q4

Paychex Inc. (PAYX) revealed earnings for its fourth quarter that rose compared to the same period last year.

The company said its bottom line climbed to $178.10 million, or $0.49 per share. This was up from $161.20 million, or $0.44 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.49 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.9% to $753.90 million. This was up from $692.20 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q4): $178.10 Mln. vs. $161.20 Mln. last year. -Earnings Growth (Y-o-Y): 10.5% -EPS (Q4): $0.49 vs. $0.44 last year. -EPS Growth (Y-o-Y): 11.4% -Analysts Estimate: $0.49 -Revenue (Q4): $753.90 Mln vs. $692.20 Mln last year. -Revenue Change (Y-o-Y): 8.9%

Quelle: dpa-AFX

Die Meldung stammt vom 30.06.2016, ich kann also bald das nächste Quartal einstellen.

[1435905]

Paychex Inc. Q3 Profit Rises 6%

Paychex Inc. (PAYX) released earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line came in at $180.4 million, or $0.50 per share. This was up from $169.4 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $752.6 million. This was up from $704.3 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q3): $180.4 Mln. vs. $169.4 Mln. last year. -Earnings Growth (Y-o-Y): 6.5% -EPS (Q3): $0.50 vs. $0.46 last year. -EPS Growth (Y-o-Y): 8.7% -Analysts Estimate: $0.50 -Revenue (Q3): $752.6 Mln vs. $704.3 Mln last year. -Revenue Change (Y-o-Y): 6.9%

Quelle: dpa-AFX

[1435905]

Paychex schüttet 42 Cents Dividende aus

15. Oktober 2015

Der Finanzdienstleister Paychex (ISIN: US7043261079, NASDAQ: PAYX) wird eine Quartalsdividende in Höhe von 42 US-Cents ausschütten. Die Dividende wurde zuletzt im August 2015 um 11 Prozent auf den aktuellen Betrag angehoben.

Auf das Jahr hochgerechnet werden 1,68 US-Dollar Dividende bezahlt. Auf Basis des aktuellen Börsenkurses von 49,56 US-Dollar (Stand: 14. Oktober 2015) entspricht das einer Dividendenrendite von 3,39 Prozent. Die Auszahlung erfolgt am 19. November 2015 (Record date: 2. November 2015).

Paychex aus Rochester im Bundesstaat New York wurde 1971 von B. Thomas Golisano mit einem Startkapital von 3.000 US-Dollar und einem einzigen Mitarbeiter gegründet. Ende 2003 startete die Paychex Deutschland GmbH in Hamburg. Das Unternehmen übernimmt Lohn- und Gehaltsabrechnungen speziell für kleine und mittelgroße Firmen.

Auf Sicht von 12 Monaten liegt die Aktie an der Wall Street aktuell mit 7,32 Prozent im Plus.

Redaktion MyDividends.de

[1435905]

Paychex q1-results top estimates backs 2016-outlook

Payroll and human resource service provider Paychex, Inc. (PAYX) reported Wednesday a profit for the first quarter that increased 22 percent from last year, helped by growth in both payroll and human resource services revenues.

Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also reaffirmed its earnings and revenue growthguidance for the full-year 2016.

'Fiscal 2016 is off to a good start, and we have continued to experience positive results across our major product lines. Payroll service revenue growth was 5%, as expected. We continue to see strong demand for our human resource services, including double-digit growth in the number of client worksite employees served,' President and CEO Martin Mucci said.

The Rochester, New York-based company reported net income of $209.1 million or $0.58 per share for the first quarter, higher than $171.3 million or $0.47 per share in the prior-year quarter.

Results for the latest quarter were positively impacted by a $0.06 per share net tax benefit recorded for income derived in prior tax years. Excluding the net tax benefit, net earnings per share would have been $0.52.

On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter increased 8 percent to $723 million from $666.8 million in the same quarter last year, and topped sixteen Wall Street analysts' consensus estimate of $717.52 million by a whisker.

Total service revenue for the quarter grew 8 percent to $712.2 million, with payroll service revenue improving 5 percent and human resource services revenue increasing 15 percent.

Operating income increased 10 percent to $296.1 million, and total expenses were $426.9 million, up 7 percent from the year-ago quarter.

Looking ahead to fiscal 2016, the company continues to expect net income to grow 8 to 9 percent and total service revenue to improve 7 to 8 percent from the fiscal 2015 level. Analysts are currently looking for full-year 2016 earnings of $2.01 per share on revenue growth of 7.2 percent to $2.94 billion.

Founded by Thomas Golisano in 1971, Paychex provides services such as calculating payroll, filing tax payments, administering retirement plans and handling workers' compensation. The company serves about 590,000 payroll clients nationwide and has more than 100 locations across the U.S.

PAYX closed Tuesday's regular trading session at $46.01, up $0.34 on a volume of 2.91 million shares. In the past 52-week period, the stock has been trading in a range of $41.59 to $51.72.

Quelle: dpa-AFX

© 2015 AFX News

[1435905]

jim-cramer-paychex-payx-will-become-profitable-after-interest-rate-hike

http://www.thestreet.com/story/13206965/1/jim-cramer-paychex…


Ich betrachte Paychex als aktuell überbewertetes Unternehmen und maximal als Halteposition.

Zudem würde ich auf die Zinswende noch in 2015 auch nicht unbedingt wetten.

[1435905]

Paychex Q4 Profit Rises


Payroll and human resource service provider Paychex, Inc. (PAYX) Wednesday said fourth-quarter net income increased to $161.2 million or $0.44 per share from $145.9 million or $0.40 per share in the comparable quarter last year.

On average, 21 analysts polled by Thomson Reuters expected earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $692.2 million from $639.0 million in the prior year. Total service revenue increased 8 percent from last year to $681.4 million. Analysts expected revenues of $690.35 million.

For the fiscal year ending May 31, 2016, the company expects net income growth of 8 to 9 percent, and total service revenue improvement of 7 to 8 percent.

Martin Mucci, President and CEO of Paychex, commented, 'We are pleased with our strong finish to fiscal 2015. Payroll service revenue experienced steady growth for the fiscal year, driven by increases in revenue per check and client base. We achieved a milestone of $1 billion of Human Resource Services revenue for fiscal 2015, as strong demand for our comprehensive human resource outsourcing solutions drove double-digit growth. Our sales execution was strong with significant growth in new annualized revenue sold. For the third year in a row, we achieved record levels of client retention.'

Quelle: dpa-AFX

[1435905]

!

Dieser Beitrag wurde von CloudMOD moderiert. Grund: ohne Quellenangabe, evtl. ueberarbeitet neu einstellen

[1435905]

Meldung von Mitte Dezember:

Paychex Inc. reported better-than-expected second-quarter fiscal 2015 results wherein the top and bottom-line figures surpassed the Zacks Consensus Estimate while improving year over year. The company’s quarterly earnings of 47 cents per share beat the Zacks Consensus Estimate by a penny and increased 9.3% from the year-ago quarter mainly driven by improved top-line performance.


Quarter Details

Paychex reported total revenue (including Interest on funds held for clients) of $676.3 million increased 10% from the year-ago period and beat the Zacks Consensus Estimate of $674 million. Excluding interest on funds held for clients, total services revenue (Payroll service and Human Resource Services) also grew 10% from the year-ago quarter to $665.9 million.

Payroll Service segment revenues went up 4% from the year-ago period to $411.2 million, primarily driven by higher revenue per check and client base.

Human Resource Services segment revenues increased 21% year over year to $254.7 million mainly driven a new product offering within the company’s professional employer organization. Apart from this, a strong growth in client base and worksite employees, increased revenues from retirement and online HR administration services aided to the segment’s revenue growth.

Interest on funds held for clients was up 4% on a year-over-year basis to $10.4 million primarily benefited from a rise of 4% in average investment balances owing to increase in client base and wage inflation.

Paychex’s total expenses increased 10% from the year-ago quarter to $406.1 million of which 6% is attributable to rise in compensation-related expenses and 4% due to costs associated with the company’s new minimum premium plan health insurance offering within its professional employer organization. Total expenses, as a percentage of total revenue, increased 30 basis points (bps) on a year-over-year basis to 60%.

Paychex reported operating income of $270.2 million, up 9% from the year-ago period, attributable to a higher revenue base. Operating margin decreased to 40% from 40.3% in the year-ago quarter, primarily due to higher operating expenses.

Excluding interest on funds held for clients, Paychex’s operating income came in at $259.8 million or 38.4% of total services revenue compared with $238.6 million or 38.7% of total services revenue in the year-ago period.

Net income came in at $173 million or 47 cents, which improved from $158.7 million or 43 cents reported in the year-ago quarter.


Balance Sheet & Cash Flow

Paychex exited the quarter with cash and cash equivalents of $140.4 million compared with $152.5 million at the end of fiscal 2014. Corporate investments were $388.6 million versus $398.7 million at the end of fiscal 2014. The company has no long-term debt. The company generated operating cash flow of $404.7 million in the first half of fiscal 2015.

During the first six months of fiscal 2015, Paychex repurchased 1.3 million shares for approximately $52.5 million and paid a dividend of $276.2 million.

Guidance

The company maintained its fiscal 2015 guidance provided in Jun 2014. Management expects 3–5% increase in Payroll Service revenues from the year-ago period. Human Resource Services revenues are expected to increase in the range of 16–19%.

Total service revenue is expected to increase in the range of 8–10%. Interest on funds held for clients and investment income for fiscal 2015 are expected to remain flat, primarily affected by low interest rate. Net income for fiscal 2015 is expected in the range of 6–8%.

Net operating income as a percentage of service revenues is expected in the range of 37% to 38% for fiscal 2015. The effective income tax rate for fiscal 2015 is expected to be same as the fiscal 2014 guidance (36–37%).

Our Take

Paychex reported better-than-expected first-quarter results. Moreover, both revenues and earnings increased on a year-over-year basis, primarily boosted by growth across all its segments. The company reiterated its fiscal 2015 outlook, which signifies that it is relatively well-placed amid the current macroeconomic sluggishness.

Moreover, we remain encouraged by the company’s investments in product development and focus on building its sales force to support revenue growth. We also believe that the company’s expansionary initiatives such as joint ventures and acquisitions support its long-term growth strategy.

Product launches are expected to provide additional support. Moreover, Paychex’s focus on small and mid-sized businesses looking for HR solutions could provide the company with opportunities.

However, unfavorable interest rates and competition from Automatic Data Processing (ADP - Analyst Report) and Insperity (NSP - Snapshot Report) remain the headwinds for the company.