Home Earnings Preview What Analysts Predict For Automatic Data Processing, Inc. ($ADP) 1Q21?

What Analysts Predict For Automatic Data Processing, Inc. ($ADP) 1Q21?

Automatic Data Processing, Inc. (NASDAQ:ADP) is expected to report first quarter earnings results, before market open, on Wednesday 28th October 2020.

Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.98 per share.

Looking ahead, the full year income are expected at $ 5.00 per share on the revenues of $ 14173.90 million.

The Company Outlook

Full Year 2021 topline are forecasted in a range of$ 14,006.00 million ~ $ 14,444.00 million, where as bottomline are predicted in a range of $ 4.85 ~ $ 5.15 per share

Click Here For More Historical Outlooks Of Automatic Data Processing, Inc.

Previous Quarter Performance

Automatic Data Processing, Inc. revealed income for the fourth quarter of $ 1.14 per share, from the revenue of $ 3,377.00 million. The quarterly revenues dropped 3.48 percent compared with the same quarter last year. Wall street analysts are predicting, ADP to report 4Q20 income of $ 0.96 per share from revenue of $ 3293.53 million. The bottom line results beat street analysts by $ 0.18 or 18.75 percent, at the same time, top line results outshined analysts by $ 83.47 million or 2.53 percent.

Stock Performance

Shares of Automatic Data Processing, Inc. traded up $ 0.26 or 0.18 percent on Tuesday, reaching $ 146.03 with volume of 2.03 million shares. Automatic Data Processing, Inc. has traded high as $ 147.19 and has cracked $ 145.61 on the downward trend

According to the previous trading day, closing price of $ 146.03, representing a 41.37 % increase from the 52 week low of $ 103.11 and a 20.05 % decrease over the 52 week high of $ 182.32.

The company has a market capital of $ 62.77 billion and is part of the Industrials sector and Business Services industry.

Recent Analyst recommendations

  • On 21st September 2020, downgraded by Cowen to Market Perform from Outperform rating, with $ 143.00 target price.

Recent Stock Dividend Announcement

On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.91 per share to holders of record as of the close of business on September 11, 2020, with payment date of October 1, 2020 and ex-dividend date on September 10, 2020.

Conference Call

Automatic Data Processing, Inc. will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.adp.com

Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services.