Automatic Data Processing Inc reports results for the quarter ended in September 30 - Earnings Summary

Automatic Data Processing

30/10/2024 15:10

* Automatic Data Processing Inc  ADP.OQ  reported quarterly
adjusted earnings of $2.33​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $2.08.  The mean expectation of
sixteen analysts for the quarter was for earnings of $2.21 per
share. Wall Street expected results to range from $2.14 
to $2.27 per share.
    * Revenue rose 7.1% to $4.83 billion from a year ago;
analysts
expected $4.77 billion. 
    * Automatic Data Processing Inc's reported EPS for the
quarter was
$2.34​.
    * The company reported quarterly net income of $956.3
million.
    * Automatic Data Processing Inc shares had risen by 4.1%
this
quarter and gained 23.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 15
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Automatic Data
Processing Inc is 278.00 
This summary was machine generated from LSEG data October 30 at
03:10 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      2.21           2.33           Beat
 Jun. 30 2024      2.06           2.09           Beat
 Mar. 31 2024      2.79           2.88           Beat
 Dec. 31 2023      2.10           2.13           Beat