Automatic Data Processing Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Automatic Data Processing, Inc. (ADP) is expected to report fourth-quarter earnings of $2.23 per share, an increase from $2.09 per share in the same period last year [1] - The projected quarterly revenue for ADP is $5.05 billion, compared to $4.77 billion a year earlier [1] - In the third quarter, ADP reported revenues of $5.55 billion, surpassing the analyst consensus estimate of $5.49 billion [2] Group 2 - BMO Capital analyst Daniel Jester initiated coverage on ADP with a Market Perform rating and a price target of $340 [8] - Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and raised the price target from $305 to $310 [8] - Mizuho analyst Dan Dolev maintained an Outperform rating and increased the price target from $321 to $332 [8] - RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $315 [8] - TD Securities analyst Bryan Bergin maintained a Hold rating and raised the price target from $298 to $321 [8]