ADP Set to Announce Q2 Earnings on January 28
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Earnings Announcement Date: Automatic Data Processing (ADP) is set to release its Q2 earnings on January 28 before market open, with consensus EPS estimate at $2.57, reflecting a 9.4% year-over-year growth, indicating sustained profitability.
- Revenue Expectations: The revenue estimate stands at $5.34 billion, representing a 6.8% year-over-year increase, showcasing the company's robust performance and ongoing customer demand in the market.
- Historical Performance: Over the past two years, ADP has consistently beaten both EPS and revenue estimates 100% of the time, highlighting the company's reliability and consistency in financial performance, which boosts investor confidence.
- Estimate Revisions: In the last three months, EPS estimates have seen three upward revisions and eight downward adjustments, while revenue estimates experienced four upward revisions and seven downward changes, indicating market uncertainty and differing opinions on ADP's future performance.
Analyst Views on ADP
Wall Street analysts forecast ADP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADP is 290.27 USD with a low forecast of 230.00 USD and a high forecast of 332.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
1 Buy
7 Hold
3 Sell
Hold
Current: 258.170
Low
230.00
Averages
290.27
High
332.00
Current: 258.170
Low
230.00
Averages
290.27
High
332.00
About ADP
Automatic Data Processing, Inc. is a provider of cloud-based human capital management (HCM) solutions. Its segments include Employer Services and Professional Employer Organization (PEO). Its Employer Services segment serves clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of technology-based HCM solutions, including its cloud-based platforms, and human resource outsourcing (HRO) (other than PEO) solutions. Its offerings include Payroll Services, Benefits Administration, Talent Management, HR Management, Workforce Management, Compliance Services, Insurance Services and Retirement Services. Its PEO business, called ADP TotalSource, provides clients with guidance, technology, comprehensive employee benefits, risk management, safety, and workers’ compensation program. Its compensation management software supports the compensation planning needs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
