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Benzinga
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Automatic Data Processing Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. ADP's Q4 earnings expected at $2.23 per share, up from $2.09 last year. 2. Projected revenue for Q4 is $5.05 billion, compared to $4.77 billion previously. 3. ADP shares increased by 0.6%, closing at $308.64 on Tuesday. 4. Analysts hold mixed ratings, with targets ranging from $310 to $340. 5. Third-quarter revenue exceeded estimates, indicating strong financial performance.

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FAQ

Why Bullish?

Positive earnings forecasts and revenue growth support bullish sentiment. Historically, strong quarterly results have led to price increases for ADP.

How important is it?

Analysts expect positive quarterly results, which typically influence investor confidence and stock price.

Why Short Term?

Earnings results due soon; market reactions occur quickly. Immediate sentiment will sway stock price based on Q4 outcomes.

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