Automatic Data Processing Inc expected to post earnings of $2.79 a share - Earnings Preview

Automatic Data Processing

29/04/2024 14:48

* Automatic Data Processing Inc  ADP.OQ   ADP.O  is expected
to show a rise in quarterly revenue when it reports  results on
May 1 for the period ending March 31 2024
    * The Roseland New Jersey-based  company is expected to
report a
6.0% increase in revenue to $5.225 billion from $4.93 billion a
year ago, according to the mean estimate from 14 analysts, based
on LSEG data. (SAL is based on Total Revenue basis)
    * ​LSEG's mean analyst estimate for Automatic Data
Processing Inc
is for earnings of $2.79 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 15
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Automatic
Data
Processing Inc is $262.50​, above​ its last closing price
of $243.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              2.10       2.13      Beat    1.5
 Sep. 30 2023              2.03       2.08      Beat    2.7
 Jun. 30 2023  1.83        1.83       1.89      Beat    3.3​
 Mar. 31 2023  2.46        2.45       2.52      Beat    2.9
 ​​Dec.        1.94        1.94       1.96      Beat    1.3
 31 2022                                                
 Sep. 30 2022  1.79        1.80       1.86      Beat    3.6​
 Jun. 30 2022  1.46        1.46       1.50      Beat    2.7
 Mar. 31 2022  2.10        2.08       2.21      Beat    6.2
 This summary was machine generated April 29 at 13:48 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)