Automatic Data Processing Expects FY24 Revenue Growth of 6%-7% Vs $18.97B Est, Adjusted EPS Growth of 10%-12% Vs $8.92 Est
Portfolio Pulse from Benzinga Newsdesk
Automatic Data Processing (ADP) has projected its FY24 revenue growth to be between 6% and 7%, compared to the estimated $18.97B. The company also expects its adjusted EPS growth to be between 10% and 12%, compared to the estimated $8.92.
July 26, 2023 | 11:05 am
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POSITIVE IMPACT
ADP's projected FY24 revenue and adjusted EPS growth are higher than the current estimates. This could potentially lead to a positive impact on the company's stock price in the short term.
ADP's projected revenue and adjusted EPS growth for FY24 are higher than the current estimates. This indicates that the company is expecting to perform better than what the market currently anticipates. If ADP can deliver on these projections, it could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100