We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Seeking Clues to ADP (ADP) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Automatic Data Processing (ADP - Free Report) will report quarterly earnings of $2.07 per share in its upcoming release, pointing to a year-over-year increase of 9.5%. It is anticipated that revenues will amount to $4.73 billion, exhibiting an increase of 5.7% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain ADP metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Revenues- Interest on funds held for clients' to come in at $258.87 million. The estimate suggests a change of +9.8% year over year.
The consensus estimate for 'Revenues- PEO revenues' stands at $1.52 billion. The estimate suggests a change of +4.2% year over year.
Analysts predict that the 'Revenues- Revenues, other than interest on funds held for clients and PEO revenues' will reach $2.95 billion. The estimate points to a change of +6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Segment revenues- Employer Services' of $3.22 billion. The estimate indicates a year-over-year change of +6.5%.
Based on the collective assessment of analysts, 'Segment revenues- PEO Services' should arrive at $1.52 billion. The estimate points to a change of +4.3% from the year-ago quarter.
The average prediction of analysts places 'Average paid PEO worksite employees during the period' at 741. Compared to the present estimate, the company reported 722 in the same quarter last year.
Shares of ADP have experienced a change of +5.2% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ADP is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Seeking Clues to ADP (ADP) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts forecast that Automatic Data Processing (ADP - Free Report) will report quarterly earnings of $2.07 per share in its upcoming release, pointing to a year-over-year increase of 9.5%. It is anticipated that revenues will amount to $4.73 billion, exhibiting an increase of 5.7% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain ADP metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Revenues- Interest on funds held for clients' to come in at $258.87 million. The estimate suggests a change of +9.8% year over year.
The consensus estimate for 'Revenues- PEO revenues' stands at $1.52 billion. The estimate suggests a change of +4.2% year over year.
Analysts predict that the 'Revenues- Revenues, other than interest on funds held for clients and PEO revenues' will reach $2.95 billion. The estimate points to a change of +6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Segment revenues- Employer Services' of $3.22 billion. The estimate indicates a year-over-year change of +6.5%.
Based on the collective assessment of analysts, 'Segment revenues- PEO Services' should arrive at $1.52 billion. The estimate points to a change of +4.3% from the year-ago quarter.
The average prediction of analysts places 'Average paid PEO worksite employees during the period' at 741. Compared to the present estimate, the company reported 722 in the same quarter last year.
View all Key Company Metrics for ADP here>>>
Shares of ADP have experienced a change of +5.2% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ADP is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>