Automatic Data Processing Inc reports results for the quarter ended December 31 - Earnings Summary

• Automatic Data Processing Inc ADP.OQ reported quarterly adjusted earnings of $2.35​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.13. The mean expectation of sixteen analysts for the quarter was for earnings of $2.29 per share. Wall Street expected results to range from $2.17 to $2.39 per share.

• Revenue rose 8.1% to $5.05 billion from a year ago; analysts expected $4.97 billion.

• Automatic Data Processing Inc's reported EPS for the quarter was $2.35​.

• The company reported quarterly net income of $963.2 million.

• Automatic Data Processing Inc shares had risen by 1.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "hold"

Wall Street's median 12-month price target for Automatic Data Processing Inc is $297.00

This summary was machine generated from LSEG data January 29 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)