Automatic Data Processing Q1 Adj EPS $2.08 Beats $2.02 Estimate, Sales $4.51B Miss $4.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Automatic Data Processing (ADP) reported Q1 earnings of $2.08 per share, beating the analyst consensus estimate of $2.02 by 2.97%. This is an 11.83% increase from the same period last year. However, the company's quarterly sales of $4.51 billion missed the analyst consensus estimate of $4.52 billion by 0.17%, though it's a 7.03% increase from the same period last year.
October 25, 2023 | 11:03 am
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NEUTRAL IMPACT
ADP's Q1 earnings beat estimates but sales missed, which could lead to mixed market reactions.
ADP's earnings beat estimates, which is positive for the stock. However, the sales miss could offset this positive impact, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100