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Stockreport

Why Is Software Megacap ADP's Stock Trading Higher Today? [Yahoo! Finance]

Automatic Data Processing, Inc. (ADP)  More Company Research Source: Yahoo! Finance
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
The company reported quarterly adjusted EPS of $2.88, beating the analyst consensus of $2.79 . The stock price gained after the print. Adjusted EBIT increased 12% to $1.5 billion, and adjusted EBIT margin increased 140 bps to 29.3%. Net earnings increased 14% Y/Y to $1.2 billion, and adjusted net earnings increased 13% Y/Y to $1.2 billion. ADP held $3.3 billion in cash and equivalents as of March 31, 2024. "Healthy new business bookings and client retention contributed to our strong third quarter results," said Maria Black, ADP's President and Chief Executive Officer. FY24 Outlook: ADP reiterated its revenue growth outlook of 6%—7%, or $19.09 billion—$19.27 billion, versus the consensus of $19.15 billion, and adjusted diluted EPS growth of 10%—12%, or $9.05 – $9.22, versus the consensus of $9.13. The company affirmed Employer Services revenue growth of 7% -8 % and PEO Services revenue growth of 3%-4%. ADP stock gained 12% in the last 12 months. Investors can gain exposu [Read more]
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Stockreport

Why Is Software Megacap ADP's Stock Trading Higher Today? [Yahoo! Finance]

Automatic Data Processing, Inc.  (ADP) 
More Company Research Source: Yahoo! Finance
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
The company reported quarterly adjusted EPS of $2.88, beating the analyst consensus of $2.79 . The stock price gained after the print. Adjusted EBIT increased 12% to $1.5 billion, and adjusted EBIT margin increased 140 bps to 29.3%. Net earnings increased 14% Y/Y to $1.2 billion, and adjusted net earnings increased 13% Y/Y to $1.2 billion. ADP held $3.3 billion in cash and equivalents as of March 31, 2024. "Healthy new business bookings and client retention contributed to our strong third quarter results," said Maria Black, ADP's President and Chief Executive Officer. FY24 Outlook: ADP reiterated its revenue growth outlook of 6%—7%, or $19.09 billion—$19.27 billion, versus the consensus of $19.15 billion, and adjusted diluted EPS growth of 10%—12%, or $9.05 – $9.22, versus the consensus of $9.13. The company affirmed Employer Services revenue growth of 7% -8 % and PEO Services revenue growth of 3%-4%. ADP stock gained 12% in the last 12 months. Investors can gain exposu [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ADP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS