Company Of The Day: ADP

ADP: Automatic Data Processing logo
Automatic Data Processing


ADP (NASDAQ:ADP) posted a stronger-than-expected set of Q1 FY’23 results last week, with revenues rising almost 10% to $4.2 billion and adjusted diluted EPS standing at $1.86.


Relevant Articles
  1. Will ADP’s Strong Gains Of Recent Years Continue?
  2. What To Expect From ADP’s Q4 Results?
  3. What To Expect From ADP’s Q3 Results?
  4. With The Job Market Holding Up, What To Expect From ADP’s Q2 Earnings?
  5. Forecast Of The Day: ADP Number of Clients Served
  6. Forecast Of The Day: ADP Payroll Processing Clients

Growth was driven by strong demand for the company’s human capital management and HR outsourcing services.

So What?

ADP also raised its guidance for FY’23, projecting revenue growth of 8% to 9% up from a prior outlook of 7% to 9%, with EBIT margin expansion projected at 125 to 150 basis points. ADP stock has gained about 3% since earnings.

See Our Complete Analysis For ADP

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Nov 2022
MTD [1]
YTD [1]
Total [2]
 ADP Return 0% -2% 135%
 S&P 500 Return 0% -19% 73%
 Trefis Multi-Strategy Portfolio 6% -22% 208%

[1] Month-to-date and year-to-date as of 11/1/2022
[2] Cumulative total returns since the end of 2016

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates