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

Automatic Data Processing

25/10/2023 14:33

* Automatic Data Processing Inc  ADP.OQ  reported quarterly
adjusted earnings of $2.08​​ per share for the quarter ended in
September. The mean expectation of sixteen analysts for the
quarter was for earnings of $2.03 per share.
    * Revenue rose 7% to $4.51 billion from a year ago; analysts
expected $4.52 billion. 
    * Automatic Data Processing Inc's reported EPS for the
quarter was
$2.08​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Automatic Data Processing Inc shares had fallen by 0.1%
this
quarter and gained 0.7% so far this year.
    * The company reported quarterly net income of $859.4
million.
    * Wall Street's median 12-month price target for Automatic
Data
Processing Inc is $260.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 11
"hold" and 4 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.03           2.08           Beat
 Jun. 30 2023      1.83           1.89           Beat
 Mar. 31 2023      2.45           2.52           Beat
 Dec. 31 2022      1.94           1.96           Beat