Automatic Data Processing is set to report earnings before market hours on Wednesday. Analysts expect revenue to grow 6.1% year on year, a slowdown from the 7.5% increase recorded in the same quarter last year. The company beat revenue and EPS estimates last quarter, reporting $5.94 billion in revenue, up 7% year on year. ADP shares have risen 13.7% over the past month, and the average analyst price target is $256.87, slightly above the current share price of $255.82.
Automatic Data Processing IncEarnings preview with expected revenue growth slowdown, but beat last quarter and shares up recently; analyst price target slightly above current price.