Automatic Data Processing (ADP - Free Report) reported $4.39 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 9.1%. EPS of $1.96 for the same period compares to $1.65 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.38 billion, representing a surprise of +0.34%. The company delivered an EPS surprise of +0.51%, with the consensus EPS estimate being $1.95.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ADP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Interest on funds held for Employer Services clients: $187.20 million versus $195.21 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +76.6% change.
- Revenues excluding interest on funds held for Employer Services clients and PEO: $2.70 billion versus $2.71 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.5% change.
- Revenue-PEO revenues: $1.50 billion compared to the $1.48 billion average estimate based on four analysts. The reported number represents a change of +10.6% year over year.
- Revenue-Employer Services: $2.89 billion compared to the $2.86 billion average estimate based on four analysts. The reported number represents a change of +8.3% year over year.
- Revenue-PEO Services: $1.50 billion compared to the $1.52 billion average estimate based on three analysts. The reported number represents a change of +10.6% year over year.
View all Key Company Metrics for ADP here>>>
Shares of ADP have returned -0.8% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Automatic Data Processing (ADP - Free Report) reported $4.39 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 9.1%. EPS of $1.96 for the same period compares to $1.65 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.38 billion, representing a surprise of +0.34%. The company delivered an EPS surprise of +0.51%, with the consensus EPS estimate being $1.95.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ADP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for ADP here>>>
Shares of ADP have returned -0.8% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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