NEW YORK (TheStreet) -- Paychex (PAYX) - Get Report stock is falling 0.20% to $54.06 in mid-morning trading on Tuesday ahead of the company's fiscal 2016 third quarter financial report, due out on Wednesday before the market open.

The company is expected to deliver a year-over-year increase in earnings per share as well as a 6.7% jump in revenue.

Wall Street is anticipating earnings of 50 cents per share on revenue of $751.2 million for the latest quarter.

Last year, Paychex posted a profit of 46 cents per share on revenue of $704.3 million for the fiscal 2015 third quarter.

Rochester, NY-based Paychex provides small and medium-sized businesses with integrated payroll, human resources, insurance and benefits outsourcing solutions.

Separately, Paychex has a "buy" rating and a letter grade of A at TheStreet Ratings because of the company's earnings per share, net income and revenue growth, expanding profit margins and good cash flow from operations.

You can view the full analysis from the report here: PAYX

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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