Workflow
Wall Street's Insights Into Key Metrics Ahead of ADP (ADP) Q1 Earnings
ADPADP(US:ADP) ZACKSยท2024-10-25 14:20

Core Viewpoint - Wall Street analysts forecast a quarterly earnings per share (EPS) of $2.20 for Automatic Data Processing (ADP), reflecting a year-over-year increase of 5.8% and anticipated revenues of $4.76 billion, which is a 5.5% increase compared to the previous year [1] Revenue Estimates - Analysts project 'Revenues- Interest on funds held for clients' to reach $248.57 million, indicating a year-over-year change of +23.2% [2] - The estimated 'Revenues- PEO revenues' is $1.55 billion, showing a year-over-year change of +5.5% [2] - The consensus estimate for 'Revenues- Revenues, other than interest on funds held for clients and PEO revenues' stands at $2.96 billion, reflecting a change of +4.1% from the prior-year quarter [2] Segment Revenue Estimates - 'Segment revenues- Employer Services' are expected to reach $3.22 billion, indicating a change of +5.7% from the prior-year quarter [3] - 'Segment revenues- PEO Services' is projected to be $1.54 billion, with a change of +4.7% from the year-ago quarter [3] - The forecast for 'Average paid PEO worksite employees during the period' is 737, compared to 717 in the previous year [3] Stock Performance - ADP shares have increased by +5.5% over the past month, outperforming the Zacks S&P 500 composite, which has moved +1.4% [3] - ADP holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [3]