Roseland, New Jersey-based Automatic Data Processing, Inc. (ADP) engages in the provision of cloud-based human capital management (HCM) solutions worldwide. With a market cap of $117.8 billion, Automatic Data Processing operates through Employer Services and Professional Employer Organization (PEO) segments.
The HCM giant is set to announce its first-quarter results before the markets open on Wednesday, Oct. 29. Ahead of the event, analysts expect ADP to deliver an adjusted profit of $2.44 per share, up 4.7% from $2.33 per share reported in the year-ago quarter. On a more positive note, the company has a robust earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.
