Published on 30 Apr 2024 on Zacks via Yahoo Finance
Should You Buy Automatic Data Processing (ADP) Ahead of Earnings?
Investors are always looking for stocks that are poised to beat at earnings season and Automatic Data Processing, Inc. ADP may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Automatic Data Processing is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ADP in this report.In fact, the Most Accurate Estimate for the current quarter is currently at $2.81 per share for ADP, compared to a broader Zacks Consensus Estimate of $2.76 per share. This suggests that analysts have very recently bumped up their estimates for ADP, giving the stock a Zacks Earnings ESP of +1.72% heading into earnings season.
Automatic Data Processing, Inc. Price and EPS Surprise
