ADP (ADP) Tops Q4 EPS by 4c

ADP (NASDAQ: ADP) reported Q4 EPS of $1.50, $0.04 better than the analyst estimate of $1.46. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $4.05 billion.

GUIDANCE:

Consolidated Fiscal 2023 Outlook

• Revenue growth of 7% to 9%
• Adjusted EBIT margin expansion of 100 to 125 basis points
• Adjusted effective tax rate of approximately 23.0%
• Diluted EPS growth of 13% to 16%
• Adjusted diluted EPS growth of 13% to 16%

For earnings history and earnings-related data on ADP (ADP) click here.

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