Automatic Data Processing (NASDAQ: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.
