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 ...

Core Viewpoint - Automatic Data Processing, Inc. (ADP) is expected to report strong third-quarter fiscal 2024 results, with positive revenue and earnings growth anticipated based on historical performance and current estimates [1][4]. Group 1: Revenue Expectations - The Zacks Consensus Estimate for ADP's revenue is $5.2 billion, reflecting a 6% year-over-year increase [2]. - Revenue from Employer Services is estimated at $3.6 billion, indicating a 6.9% growth compared to the previous year [2]. - PEO services revenues are projected to be $1.6 billion, suggesting a 3.6% rise from the year-ago quarter [2]. Group 2: Earnings Expectations - The consensus estimate for earnings per share is $2.8, representing a 9.5% increase from the prior year [3]. - The growth in bottom-line performance is expected to be driven by strong revenue results [3]. Group 3: Earnings Prediction Model - ADP has an Earnings ESP of +1.72%, indicating a favorable outlook for an earnings beat [4]. - The company holds a Zacks Rank of 3, which suggests a stable position in the market [4]. Group 4: Comparisons with Other Stocks - Confluent (CFLT) is projected to have first-quarter revenues of $211.5 million, showing a year-over-year growth of 21.4% [5]. - Envestnet (ENV) is expected to report first-quarter revenues of $324.9 million, indicating an 8.8% year-over-year increase [6].

In its upcoming report, Automatic Data Processing (ADP) is predicted by Wall Street analysts to post quarterly earnings of $2.76 per share, reflecting an increase of 9.5% compared to the same period last year. Revenues are forecasted to be $5.22 billion, representing a year-over-year increase of 6%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead ...

Dividend stocks offer investors a great way to generate passive income on top of potential share price appreciation. Analysts continually seek out dividend-paying companies that offer attractive yields and demonstrate resilience and growth potential. For investors prioritizing a steady income stream, dividend stocks can be a cornerstone of a balanced portfolio. However, it is important to note that the selection process of dividend stocks can be extremely tricky. Investors should prioritize dividend stocks ...

Core Viewpoint - Dividend growth stocks are recommended for long-term investors due to their potential for above-average total returns and consistent earnings growth [1] Group 1: Dividend Growth Stocks Overview - Dividend growth stocks typically exhibit steady earnings growth, leading to appreciation in stock value alongside increases in earnings per share [1] - Reinvesting dividends can significantly enhance the initial investment, potentially resulting in substantial wealth accumulation over time [1] Group 2: Identified Dividend Growth Stocks - Automatic Data Processing (ADP) has a strong track record with 25 consecutive years of dividend growth, averaging a 12.36% annual increase over the past five years, and a current forward yield of 2.29% [3] - American States Water (AWR) is classified as a "dividend king" with 68 consecutive years of dividend increases, averaging 9.34% annually over the last five years, and a forward yield of 2.58% [5] - Cincinnati Financial (CINF) also holds "dividend king" status with 63 years of dividend growth, averaging 7.31% annually, and a recent increase of 8% in quarterly payouts [6] - Home Depot (HD) has increased dividends for 14 consecutive years, with an average increase of 13.87% over the past five years, and a forward yield of 2.69% [8] - Hershey (HSY) has a 48-year history of dividend increases, currently trading at a forward yield of nearly 3%, with expectations of improved performance as cocoa prices normalize [9] - Interpublic Group (IPG) has maintained 11 years of consecutive dividend growth with a forward yield of 4.35% and a recent increase of 6.5% [11] - McDonald's (MCD) is approaching "dividend aristocrat" status with an average annual increase of 8.01% over the past five years and a forward yield of 2.52% [12]

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Automatic Data Processing (ADP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Automatic Data Processing is one of 314 companies in ...

MTStock Studio Investment Thesis Automatic Data Processing (NASDAQ:ADP) reported results on the 31st January, beating on EPS and revenues. The share price year to date is up just under 5% against the S&P 500 which is up 9.6%. The company sports strong returns on capital driven by a profitable business model that grows organically. The performance has lagged the S&P500 over the last 5-years but ADP has outperformed competitors such as Workday (WDAY) and Paychex (PAYX). 5-year returns (yahoo finance) The comp ...

Automatic Data Processing (ADP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this payroll and human resources company have returned +0.7%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Outsourcing industry, which ADP falls in, has gained 1.6%. The key question now is: What could be the stock's future direction?Wh ...