Automatic Data Processing, Inc. (NASDAQ:ADP) is reporting fourth quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, ADP is expected to report 4Q20 income of $ 0.96 per share from revenue of $ 3293.53 million.
For the full year, analysts anticipate top line of $ 14514.80 million, while looking forward to income of $ 5.74 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 14,600.00 million ~ $ 14,600.00 million, where as bottomline are predicted in a range of $ 5.67 ~ $ 5.83 per share
Click Here For More Historical Outlooks Of Automatic Data Processing, Inc.
Previous Quarter Performance
Automatic Data Processing, Inc. disclosed income for the third quarter of $ 1.92 per share, from the revenue of $ 4,048.00 million. The quarterly earnings increased 8.47 percent compared with the same quarter last year. According to street consensus, ADP was expected to report 3Q20 income of $ 1.89 per share from revenue of $ 4032.95 million. The bottom line results beat street analysts by $ 0.03 or 1.59 percent, at the same time, top line results outshined analysts by $ 15.05 million or 0.37 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ADP was $ 146.65, representing a 42.23 % increase from the 52 week low of $ 103.11 and a 19.56 % decrease over the 52 week high of $ 182.32.
The company has a market capital of $ 63.03 billion and is part of the Industrials sector and Business Services industry.
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Recent Analyst recommendations
- On 14th July 2020, initiated by Goldman Sachs Group at Sell rating, with $ 146.00 target price.
Conference Call
Automatic Data Processing, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th July 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.adp.com
Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services.
