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Mar 31, 2021
ADP Q3 2021 Earnings Report
Reported a 1% increase in revenue and flat EPS.
Key Takeaways
ADP reported a 1% increase in revenues to $4.1 billion. Diluted earnings per share were flat at $1.90. The company is raising full year guidance for revenue, bookings, retention, and adjusted diluted EPS.
Revenues increased 1% to $4.1 billion.
Employer Services New Business Bookings increased 7%.
Net earnings decreased 1% to $811 million.
Diluted earnings per share flat at $1.90.
Revenue by Segment
Forward Guidance
ADP anticipates revenue growth of 2% to 3% and adjusted diluted EPS growth of flat to 1%.
Positive Outlook
- Revenue growth of 2% to 3%
- Adjusted EBIT margin decline of (75) to (50) basis points
- Adjusted effective tax rate of 23.0%
- Diluted EPS growth of 4% to 5%
- Employer Services New Business Bookings growth of 20% to 25%
Challenges Ahead
- Adjusted diluted EPS growth of flat to 1%
- Employer Services revenue growth of about 1%
- Employer Services margin decline of (75) to (50) basis points
- Decrease in U.S. pays per control of (4)% to (3)%
- PEO Services revenue growth of 5% to 6%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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