ADP (ADP) Tops Q4 EPS by 6c

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Get Alerts ADP Hot Sheet

Price: $231.74 -0.36%

EPS Growth %: +7.7%

Financial Fact:
Basic earnings per share from continuing operations: 0.82

Today's EPS Names:
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ADP (NASDAQ: ADP) reported Q4 EPS of $1.20, $0.06 better than the analyst estimate of $1.14. Revenue for the quarter came in at $3.74 billion versus the consensus estimate of $3.68 billion.

Fiscal 2022 Outlook:

Certain components of ADP’s fiscal 2022 outlook and related growth comparisons exclude the impact of the following items and are discussed on an adjusted basis where applicable. Please refer to the accompanying financial tables for a reconciliation of these adjusted amounts to their closest comparable GAAP measure.

•Fiscal 2021 pre-tax charges of $3 million related to transformation initiatives and pre-tax gains of approximately $31 million related to legal settlements

•Fiscal 2022 expected pre-tax charges of approximately $10 million related to transformation initiatives

Consolidated Fiscal 2022 Outlook

•Revenue growth of 6% to 7%

•Adjusted EBIT margin expansion of 25 to 50 basis points

•Adjusted effective tax rate of approximately 22.5%

•Diluted EPS growth of 8% to 10%

•Adjusted diluted EPS growth of 9% to 11%

Employer Services Segment Fiscal 2022 Outlook

•Employer Services revenue growth of 4% to 6%

•Employer Services margin expansion of 50 to 75 basis points

•Employer Services new business bookings growth of 10% to 15%

•Employer Services client revenue retention decrease of approximately 75 basis points

•Increase in U.S. pays per control of 4% to 5%

PEO Services Segment Fiscal 2022 Outlook

•PEO Services revenue growth of 9% to 11%

•PEO Services revenue, excluding zero-margin benefits pass-throughs, growth of 10% to 12%

•PEO Services margin decrease of 25 to 75 basis points

•PEO Services average worksite employee count growth of 9% to 11%

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

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