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Results: Automatic Data Processing, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Results: Automatic Data Processing, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

结果:自动数据处理公司超过盈利预期,分析师现在有新的预测。
Simply Wall St ·  11/05 05:12

As you might know, Automatic Data Processing, Inc. (NASDAQ:ADP) recently reported its first-quarter numbers. The result was positive overall - although revenues of US$4.8b were in line with what the analysts predicted, Automatic Data Processing surprised by delivering a statutory profit of US$2.34 per share, modestly greater than expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Automatic Data Processing after the latest results.

正如您所知,自动数据处理公司(NASDAQ:ADP)最近发布了其第一季度业绩报告。整体结果是积极的- 尽管48亿美元的营业收入符合分析师的预期,但自动数据处理通过每股2.34美元的法定利润交付了一个令人满意的结果,略高于预期。在这一结果之后,分析师已更新了他们的盈利模型,了解他们是否认为公司前景发生了重大变化,或者一切照旧将是有益的。读者将高兴地知道,我们已汇总了最新的法定预测,以查看分析师在最新业绩发布后是否对自动数据处理改变了看法。

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NasdaqGS:ADP Earnings and Revenue Growth November 5th 2024
纳斯达克纳斯达克:ADP收益和营业收入增长2024年11月5日

Taking into account the latest results, the current consensus from Automatic Data Processing's 14 analysts is for revenues of US$20.4b in 2025. This would reflect a modest 4.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to rise 5.3% to US$9.94. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$20.2b and earnings per share (EPS) of US$10.04 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

考虑到最新的结果,自动数据处理的14位分析师目前一致预测2025年的营业收入将达到204亿美元。这将反映过去12个月内其营业收入略微增长了4.5%。预计法定每股收益将增长5.3%,达到9.94美元。然而,在最新财报之前,分析师们曾预期2025年的营业收入为202亿美元,每股收益(EPS)为10.04美元。 一致的分析师似乎没有在这些结果中看到任何可以改变他们对业务的看法的内容,因为他们的预测没有发生重大变化。

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$298. It looks as though they previously had some doubts over whether the business would live up to their expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Automatic Data Processing at US$325 per share, while the most bearish prices it at US$280. This is a very narrow spread of estimates, implying either that Automatic Data Processing is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

分析师重新确认了他们的营业收入和盈利预测后,看到价格目标上升了6.2%,达到298美元,这让人感到意外。看起来他们先前对业务是否能达到他们的预期存在一些疑虑。共识价格目标只是各个分析师目标的平均值,因此-看到底层估值范围有多广可能会很有用。当前,最看好的分析师认为自动数据处理股票价值为325美元,而最看淡的则为280美元。 这是一个非常狭窄的估值范围,意味着自动数据处理可能是一家易于估值的公司,或者更可能的是-分析师们在很大程度上依赖于一些关键假设。

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 6.0% growth on an annualised basis. That is in line with its 6.9% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 5.7% per year. It's clear that while Automatic Data Processing's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

现在来看一个更宏观的视角,理解这些预测的方法之一是比较它们与过去的表现和行业增长预期。根据分析师的预测,到2025年底为止的时期将继续保持同样的增长,预计营业收入将以年均6.0%的速度增长。这与过去五年中的年均增长率6.9%保持一致。将此与我们的数据进行对比,我们的数据显示,行业内其他公司(有分析师覆盖)预计其年均营业收入增长为5.7%。很明显,虽然自动数据处理公司的营业收入增长预计将沿着当前的轨迹继续增长,但预计增速只会与行业本身保持一致。

The Bottom Line

最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

最明显的结论是,近期业务前景没有发生重大变化,分析师持续维持其盈利预测,符合以前的预测。他们还重新确认了营收预测,预计该公司的增长率与整个行业大致相同。我们注意到价格目标的升级,这表明分析师认为企业的内在价值有可能随着时间的推移而提高。

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Automatic Data Processing going out to 2027, and you can see them free on our platform here.

话虽如此,公司收益的长期轨迹比明年更重要。我们对自动数据处理公司的预测延伸至2027年,您可以在我们的平台上免费查看。

Plus, you should also learn about the 1 warning sign we've spotted with Automatic Data Processing .

另外,您还应该了解我们在自动数据处理公司发现的1个警示标志。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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