ADP's top line registers 5.7% y/y growth in the third quarter of fiscal 2025 on the back of robust segmental performances.
Although the revenue and EPS for ADP (ADP) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Automatic Data Processing (ADP) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.96 per share. This compares to earnings of $2.88 per share a year ago.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
ADP's top line in the third quarter of fiscal 2025 is expected to have improved on the back of robust PEO business bookings.
Get a deeper insight into the potential performance of ADP (ADP) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
ADP stock is benefiting from a strong customer base and expanding international operations driven by acquisitions.
ADP's strong new business bookings, high retention rate, and sales modernization efforts drive growth, justifying a 'Buy' rating with a fair value of $355 per share. The company benefits from high-interest rates, earning significant interest income from $35.3 billion in client funds, boosting net income. ADP's US-centric business and potential corporate tax cuts could further enhance profitability, with expected 12.2% revenue growth in FY25.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Will it be blanket tariffs or custom carve-out rates for certain goods from certain countries, or perhaps multi-tiered tariff rates? No one knows.
Markets Wait for Trump Tariffs and Key Job Data.
Wednesday is private-sector payrolls from ADP (ADP), Thursday has Weekly Jobless Claims and Friday is the Employment Situation report from the U.S. government.