ADP Reports First Quarter Fiscal 2022 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/24/2026
Go back to ADP Reports First Quarter Fiscal 2022 Results
October 27, 2021 3:44 PM EDT
Stifel analyst David M. Grossman raised the price target on ADP (NASDAQ: ADP) to $243.00 (from $228.00) while maintaining a Buy rating.
The analyst commented, "F1Q beat and FY22 (Jun) guidance was increased by the outperformance relative to ADP's internal plan. Labor markets remain... More
October 27, 2021 7:05 AM EDT
ADP (NASDAQ: ADP) reported Q1 EPS of $1.65, $0.16 better than the analyst estimate of $1.49. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.75 billion.
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...
More
