UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-Q ______________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 1-5397 __________________________ AUTOMATIC DATA PROCESSING, INC. (Exact name of registrant as specified in its c ...

Automatic Data Processing, Inc. (ADP) has reported impressive third-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.ADP’s earnings per share of $2.9 beat the consensus estimate by 4.4% and increased 14.3% from the year-ago quarter. Total revenues of $5.3 billion beat the consensus estimate by a slight margin and grew 6.6% from the year-ago quarter on a reported basis and 6% on an organic constant-currency basis.The company’s stock has gained 10.7% over ...

Jobs Week kicks off in earnest this morning. Private-sector payrolls for April from Automated Data Processing (ADP) came in slightly higher than expected — +192K, from +183K consensus estimate — though down from the upwardly revised +208K the previous month, which was the hottest read since July of last year. Off lows of late ’23 and early ’24, private-sector jobs growth looks to be warming up again; the three-month average is now higher than the previous six months.Importantly, wage growth looks to have si ...

Automatic Data Processing, Inc. (NASDAQ:ADP) Q3 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Danny Hussain - VP, IR Maria Black - President and CEO Don McGuire - CFO Conference Call Participants Owen Callahan - Barclays Zack Ajzenman - TD Cowen Mark Marcon - Baird Scott Wurtzel - Wolfe Research Tien-Tsin Huang - JPMorgan Pete Christiansen - Citi David Paige - the RBC Capital Markets Kartik Mehta - Northcoast Research Dan Dolev - Mizuho Operator Good morning, my name is Michelle, ...

Wednesday, May 1st, 2024Jobs Week kicks off in earnest this morning. Private-sector payrolls for April from Automated Data Processing (ADP) came in slightly higher than expected — +192K, from +183K consensus estimate — though down from the upwardly revised +208K the previous month, which was the hottest read since July of last year. Off lows of late ’23 and early ’24, private-sector jobs growth looks to be warming up again; the three-month average is now higher than the previous six months.Importantly, wage ...

Automatic Data Processing (ADP) reported $5.25 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.6%. EPS of $2.88 for the same period compares to $2.52 a year ago.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $5.22 billion. With the consensus EPS estimate being $2.76, the EPS surprise was +4.35%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Automatic Data Processing (ADP) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this payroll and human resources company would post earnings of $2.10 per share when it actually produced earnings of $2.13, delivering a surprise of 1.43%.Over t ...

ADP Reports Third Quarter Fiscal 2024 Results • Revenues increased 7% compared to last year's third quarter to $5.3 billion; 6% organic constant currency • Net earnings increased 14% to $1.2 billion, and adjusted net earnings increased 13% to $1.2 billion • Adjusted EBIT increased 12% to $1.5 billion, and adjusted EBIT margin increased 140 basis points to 29.3% • Diluted earnings per share ("EPS") increased 15% to $2.88; adjusted diluted EPS increased 14% to $2.88 ROSELAND, N.J. – May 1, 2024 – ADP (Nasdaq: ...

Growth stocks can be the adrenaline that your portfolio needs. These companies prioritize rapid expansion, reinvesting profits back into the business to fuel long-term growth. The best growth stocks to buy can often be a tricky quest, as there can be a number of different prospects on your radar. However, if you look in the right places you will find ones that stand out in their respective fields. While they may carry higher volatility, they also possess the potential for outsized returns. As we look toward ...

Automatic Data Processing, Inc. (ADP) is scheduled to release its third-quarter fiscal 2024 results on May 1, before market open.ADP has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 2.8%.Q3 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $5.2 billion, suggesting a 6% year-over-year rise. The increase in revenues is likely to have benefitted from a rise in new bookings, improvements acro ...