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Insights Into ADP (ADP) Q1: Wall Street Projections for Key Metrics
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In its upcoming report, Automatic Data Processing (ADP - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.78 per share, reflecting an increase of 11.7% compared to the same period last year. Revenues are forecasted to be $5.47 billion, representing a year-over-year increase of 5.6%.
The consensus EPS estimate for the quarter has undergone a downward revision of 39.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific ADP metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Segment revenues- Employer Services' should come in at $3.68 billion. The estimate indicates a year-over-year change of +5.3%.
The consensus among analysts is that 'Revenues- Interest on funds held for clients' will reach $332.32 million. The estimate indicates a change of +15.9% from the prior-year quarter.
The average prediction of analysts places 'Revenues- PEO revenues' at $1.78 billion. The estimate indicates a year-over-year change of +5.6%.
The combined assessment of analysts suggests that 'Segment revenues- PEO Services' will likely reach $1.79 billion. The estimate points to a change of +5.8% from the year-ago quarter.
Analysts forecast 'Revenues- Revenues, other than interest on funds held for clients and PEO revenues' to reach $3.35 billion. The estimate indicates a year-over-year change of +4.4%.
Shares of ADP have experienced a change of +17% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ADP is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into ADP (ADP) Q1: Wall Street Projections for Key Metrics
In its upcoming report, Automatic Data Processing (ADP - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.78 per share, reflecting an increase of 11.7% compared to the same period last year. Revenues are forecasted to be $5.47 billion, representing a year-over-year increase of 5.6%.
The consensus EPS estimate for the quarter has undergone a downward revision of 39.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific ADP metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Segment revenues- Employer Services' should come in at $3.68 billion. The estimate indicates a year-over-year change of +5.3%.
The consensus among analysts is that 'Revenues- Interest on funds held for clients' will reach $332.32 million. The estimate indicates a change of +15.9% from the prior-year quarter.
The average prediction of analysts places 'Revenues- PEO revenues' at $1.78 billion. The estimate indicates a year-over-year change of +5.6%.
The combined assessment of analysts suggests that 'Segment revenues- PEO Services' will likely reach $1.79 billion. The estimate points to a change of +5.8% from the year-ago quarter.
Analysts forecast 'Revenues- Revenues, other than interest on funds held for clients and PEO revenues' to reach $3.35 billion. The estimate indicates a year-over-year change of +4.4%.
View all Key Company Metrics for ADP here>>>Shares of ADP have experienced a change of +17% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ADP is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .