Jan. 28 at 5:44 PM
$ADP beats on earnings but total revenues slightly missed expectations—what's going on? 🤔
ADP's EPS of
$2.62 outpaced the Zacks Consensus Estimate by 1.6% and rose 11.5% YoY, yet total revenues of
$5.4B missed the consensus estimate despite a 6.2% increase. The stock's 12.8% drop over the past year is a stark contrast to the industry's 4.1% dip and the S&P 500's 19.1% rise.
Fundamental insights here 👉 https://www.zacks.com/stock/news/2824643/automatic-data-processing-q2-earnings-top-estimates-revenues-rise-yy?cid=sm-stocktwits-2-2824643-body-30807&ADID=SYND_STOCKTWITS_TWEET_2_2824643_BODY_30807