ADP (ADP) Tops Q3 EPS by 9c, Offers Outlook

May 1, 2019 7:03 AM EDT

ADP (NASDAQ: ADP) reported Q3 EPS of $1.77, $0.09 better than the analyst estimate of $1.68. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.91 billion.

Consolidated Fiscal 2019 Outlook

  • Revenue growth of 6% to 7%, at the lower end of the range.
  • Adjusted EBIT margin up at least 150 basis points from 20.7% in fiscal 2018.
  • Adjusted effective tax rate of 23.8%. • Diluted EPS growth of 22% to 23% from $4.25 in fiscal 2018.
  • Adjusted diluted EPS growth of 19% to 20% from $4.53 in fiscal 2018.

For earnings history and earnings-related data on ADP (ADP) click here.

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