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ADP Q1 Earnings & Revenues Top Estimates, Retention Improves
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Founded in 1949, New Jersey based-Automatic Data Processing Inc. (ADP - Free Report) is one of the world’s leading providers of human capital management solutions and integrated computing solutions to vehicle dealers. It serves approximately 637K clients across 125 nations.
The company reports in two business segments – Employer Services and Professional Employer Organization (PEO) Services.
The Employer Services segment includes human resource information, payroll processing, human resources tax and compliance management, and benefit administration products and services.
The Professional Employer Organization (PEO) Services segment provides small and medium-sized businesses with employment administration outsourcing solutions, including payroll, payroll tax filing, HR guidance, 401(k) plan administration, benefits administration, compliance services, health and workers' compensation coverage, and other supplemental benefits for the employees.
Check back later for our full write up on this ADP earnings report later!
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ADP Q1 Earnings & Revenues Top Estimates, Retention Improves
Founded in 1949, New Jersey based-Automatic Data Processing Inc. (ADP - Free Report) is one of the world’s leading providers of human capital management solutions and integrated computing solutions to vehicle dealers. It serves approximately 637K clients across 125 nations.
The company reports in two business segments – Employer Services and Professional Employer Organization (PEO) Services.
The Employer Services segment includes human resource information, payroll processing, human resources tax and compliance management, and benefit administration products and services.
The Professional Employer Organization (PEO) Services segment provides small and medium-sized businesses with employment administration outsourcing solutions, including payroll, payroll tax filing, HR guidance, 401(k) plan administration, benefits administration, compliance services, health and workers' compensation coverage, and other supplemental benefits for the employees.
Zacks Rank: Currently, ADP has a Zacks Rank #3 (Hold) but that could change following its first-quarter fiscal 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: ADP’s adjusted earnings from continuing operations came in at 91 cents per share, which beat the Zacks Consensus Estimate of 85 cents.
Revenues: Revenues of $3.09 billion beat the Zacks Consensus Estimate of $3.06 billion and grew 5.6% on a year-over-year basis.
Key Stats: Retention rate increased 160 basis points (bps), ahead of the company’s expectations.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Automatic Data Processing, Inc. Price
Automatic Data Processing, Inc. Price | Automatic Data Processing, Inc. Quote
Check back later for our full write up on this ADP earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>