Form 8-K AUTOMATIC DATA PROCESSIN For: Jan 25

Go back to Form 8-K AUTOMATIC DATA PROCESSIN For: Jan 25

ADP (ADP) Defended at Mizuho Securities, 'Buy on Weakness', PT Cut to $275

January 26, 2023 4:10 AM EST

Mizuho Securities analyst Dan Dolev lowered the price target on ADP (NASDAQ: ADP) to $275.00 (from $285.00) while maintaining a Buy rating.

The analyst comments "While results in ES continued to be strong, the slowdown in PEO weighed on the stock. Our research... More

ADP (ADP) Tops Q2 EPS by 3c; Maintains Outlook

January 25, 2023 6:58 AM EST

ADP (NASDAQ: ADP) reported Q2 EPS of $1.96, $0.03 better than the analyst estimate of $1.93. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.37 billion.

GUIDANCE:

Maintaining full year guidance for 8% to 9% revenue growth and 15% to 17% adjusted... More