With a market cap of $102.3 billion, Automatic Data Processing, Inc. (ADP) is a global provider of cloud-based human capital management (HCM) and business outsourcing solutions that help organizations manage their workforce efficiently. Its core services include payroll processing, tax and compliance administration, benefits and retirement plan management, time and attendance tracking, talent and performance management, and HR outsourcing offerings.
The HCM giant is set to announce its second-quarter results before the markets open on Wednesday, Jan. 28. Ahead of the event, analysts expect ADP to deliver an adjusted profit of $2.58 per share, up 9.8% from $2.35 per share reported in the year-ago quarter. The company has a robust earnings surprise history and has surpassed the Street’s bottom-line estimates in each of the past four quarters.
