May. 22 at 3:54 PM
$ADP beats Q3 estimates — but can it keep up the pace? 🤔
📈 EPS of
$3.06 topped consensus by 3.4% with a 6.3% increase from the year-ago quarter
💰 Revenue of
$5.6B exceeded estimates by 1.1% and grew 5.7% from the year-ago quarter
⚠️ Current ratio at 1.02 lags industry, with competition pressures noted
See how ADP is navigating its challenges 👉 https://www.zacks.com/commentary/2476105/three-tier-business-strategy-aids-adp-amid-intense-competition?cid=sm-stocktwits-2-2476105-body&ADID=SYND_STOCKTWITS_TWEET_2_2476105_BODY