ADP Sees Consolidated FY24 Revenue Growth 6-7%, Adj. EPS Growth 10-12%, Adj. EBIT Margin Expansion 60-70 bps
Portfolio Pulse from Benzinga Newsdesk
ADP projects its FY24 consolidated revenue to grow by 6-7%, with adjusted EPS expected to increase by 10-12% and adjusted EBIT margin to expand by 60-70 basis points.
May 01, 2024 | 10:58 am
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ADP anticipates a 6-7% revenue growth, 10-12% increase in adjusted EPS, and a 60-70 basis points expansion in adjusted EBIT margin for FY24.
ADP's forecast for revenue growth, EPS increase, and EBIT margin expansion for FY24 indicates a strong financial outlook, likely leading to positive investor sentiment and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100