Why Is ADP (ADP) Down 1.7% Since Last Earnings Report?

It has been about a month since the last earnings report for Automatic Data Processing (ADP) . Shares have lost about 1.7% in that time frame, underperforming the S&P 500.But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is ADP due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.ADP's ...