Form 8-K AUTOMATIC DATA PROCESSIN For: Jan 25
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ADP (ADP) Defended at Mizuho Securities, 'Buy on Weakness', PT Cut to $275
January 26, 2023 4:10 AM ESTMizuho 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 ESTADP (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
