We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ADP Surpasses Earnings and Revenue Estimates in Q4
Read MoreHide Full Article
Automatic Data Processing, Inc. (ADP - Free Report) reported fourth-quarter fiscal 2018 earnings per share of 92 cents (on an adjusted basis), beating the Zacks Consensus Estimate of 90 cents. Earnings increased 39% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for ADP depicted an optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter fiscal 2018 earnings increase 1.1% over the last 60 days.
Moreover, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 5.2%.
Automatic Data Processing, Inc. Price and EPS Surprise
ADP recorded total revenues of $3,318.6 million which outperformed the Zacks Consensus Estimate of $3,287.5 million. Moreover, revenues compared favorably with the year-ago figure of $3,064.8 million.
Key Stats to Note: ADP provided an outlook for fiscal 2019. For full-year fiscal 2019, the company expects revenue growth of 5% to 7% and adjusted EBIT margin to increase 100 to 125 bps. Adjusted earnings per share is expected to register growth of 13% to 15%. Adjusted effective tax rate is anticipated around 25.1%.
Check back later for our full write up on this ADP earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
ADP Surpasses Earnings and Revenue Estimates in Q4
Automatic Data Processing, Inc. (ADP - Free Report) reported fourth-quarter fiscal 2018 earnings per share of 92 cents (on an adjusted basis), beating the Zacks Consensus Estimate of 90 cents. Earnings increased 39% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for ADP depicted an optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter fiscal 2018 earnings increase 1.1% over the last 60 days.
Moreover, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 5.2%.
Automatic Data Processing, Inc. Price and EPS Surprise
Automatic Data Processing, Inc. Price and EPS Surprise | Automatic Data Processing, Inc. Quote
Revenues Higher Than Expected
ADP recorded total revenues of $3,318.6 million which outperformed the Zacks Consensus Estimate of $3,287.5 million. Moreover, revenues compared favorably with the year-ago figure of $3,064.8 million.
Key Stats to Note: ADP provided an outlook for fiscal 2019. For full-year fiscal 2019, the company expects revenue growth of 5% to 7% and adjusted EBIT margin to increase 100 to 125 bps. Adjusted earnings per share is expected to register growth of 13% to 15%. Adjusted effective tax rate is anticipated around 25.1%.
Zacks Rank: Currently, ADP has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this ADP earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>