Automatic Data Processing (ADP) Q3 Earnings: What's Up?
Zacks Investment Research | May 01, 2017 02:58AM ET
Automatic Data Processing Inc. (NASDAQ:ADP) is set to release third-quarter fiscal 2017 earnings on May 3. Notably, the company has beaten the Zacks Consensus Estimate in the three of the trailing four quarters, with an average positive surprise of 5.31%.
In the last quarter, ADP reported a positive earnings surprise of 7.41%. Adjusted earnings from continuing operations of $1.13 per share jumped 52.7% on a year-over-year basis. Moreover, revenues of almost $2.99 billion grew 6.4% on a year-over-year basis.
The impressive results helped the stock outperform the Zacks Outsourcing industry on a year-to-date basis. While the industry lost 6.1%, the stock gained 1.6%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
ADP holds a dominant position in the payroll processing and human capital management market (HCM), primarily owing to robust product portfolio. The company has a strong customer base with more than 650K clients across 110 countries.
Automatic Data Processing, Inc. Price and EPS Surprise
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Impinj (NASDAQ:PI) with an Earnings ESP of +50% and a Zacks Rank #2.
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