Automatic Data Processing Reiterated FY24 Revenue Growth of 6%-7% Vs $19.18B Est, Adjusted EPS Growth of 10%-12% Vs $9.15 Est
Portfolio Pulse from Benzinga Newsdesk
Automatic Data Processing (ADP) has reiterated its FY24 revenue growth forecast of 6%-7%, which is in line with the estimated $19.18B. The company also expects its adjusted EPS growth to be 10%-12%, compared to the estimated $9.15.
October 25, 2023 | 11:10 am
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ADP's reiteration of its FY24 revenue and EPS growth forecasts aligns with current estimates. This could potentially stabilize the company's stock price in the short term.
ADP's reiteration of its FY24 revenue and EPS growth forecasts, which are in line with current estimates, indicates that the company is on track to meet its financial targets. This could potentially reassure investors and stabilize the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100