Recap: Automatic Data Processing Q3 Earnings

 

Automatic Data Processing ADP reported its Q3 earnings results on Wednesday, April 27, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Automatic Data Processing beat estimated earnings by 6.25%, reporting an EPS of $2.21 versus an estimate of $2.08.

Revenue was up $411.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 0.53% drop in the share price the next day.

Here's a look at Automatic Data Processing's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 1.63 1.49 1.14 1.82
EPS Actual 1.65 1.65 1.20 1.89
Revenue Estimate 3.98B 3.75B 3.68B 4.08B
Revenue Actual 4.03B 3.83B 3.74B 4.10B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Automatic Data Processing management provided guidance for FY 2022, expecting earnings between $6.92 and $7.04 per share.

To track all earnings releases for Automatic Data Processing visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews