ADP Reports First Quarter Fiscal 2023 Results

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Go back to ADP Reports First Quarter Fiscal 2023 Results

ADP (ADP) PT Raised to $237 at Cowen

October 26, 2022 4:52 PM EDT

Cowen analyst Bryan Bergin raised the price target on ADP (NASDAQ: ADP) to $237.00 (from $236.00) while maintaining a Market Perform rating.

The analyst commented, "Solid 1Q beat as demand and macro conditions hold firm, and it benefits from interest rate tailwinds. We expect... More

ADP (ADP) Tops Q1 EPS by 6c; Raises Outlook

October 26, 2022 7:03 AM EDT

ADP (NASDAQ: ADP) reported Q1 EPS of $1.86, $0.06 better than the analyst estimate of $1.80. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.15 billion.

GUIDANCE:

Revenue growth of 8% to 9% Adjusted diluted EPS growth of 15% to 17%

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

... More