Automatic Data Processing Earnings Preview
Portfolio Pulse from Benzinga Insights
Automatic Data Processing (NASDAQ:ADP) is expected to report an EPS of $2.10 in its upcoming quarterly earnings on January 31, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Last quarter, ADP beat the EPS estimate by $0.06, resulting in a slight stock price increase. Over the past year, ADP shares have risen by 4.64%, with the stock currently trading at $237.71. Historical earnings performance shows mixed price changes post-earnings announcement.
January 30, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ADP is anticipated to report an EPS of $2.10 for the upcoming quarter. Investors are optimistic due to past earnings beats and a 4.64% stock increase over the last year. The stock is currently valued at $237.71.
ADP's expected earnings report is highly relevant and important to investors as it directly affects the company's stock price. A history of earnings beats and positive stock performance over the past year suggests a likelihood of a positive short-term impact on the stock price, especially if ADP beats the EPS estimate and provides favorable future guidance. However, the market's reaction can be unpredictable, and guidance often plays a critical role in stock movement post-earnings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100