财务数据和关键指标变化 - 公司第三季度收入同比增长7%,调整后每股收益同比增长14% [8] - 雇主服务(ES)分部收入同比增长8%,有机同比增长7% [33] - 客户资金利息收入超出预期,公司上调了全年客户资金利息收入和净影响的预期 [37] - ES分部毛利率同比增加230个基点,主要受到运营杠杆和客户资金利息收入增长的推动 [38] - 人力资源外包(PEO)分部收入同比增长5%,工作场所员工人数同比增长3% [39] - PEO分部毛利率同比下降220个基点,主要由于去年的工伤赔付释放大幅下降 [41] 各条业务线数据和关键指标变化 - 雇主服务新业务订单增长保持良好,达到第三季度的历史新高 [9][10] - 雇主服务客户保留率再创新高,主要得益于中型企业业务 [11] - 雇主服务每个受控工资单同比增长2%,反映了整体美国劳动力市场的稳定 [12] - PEO业务收入同比增长5%,但受到短期用工不足的影响 [12] 各个市场数据和关键指标变化 - 中型企业业务的客户保留率和客户满意度均创历史新高 [66] - 国际业务新订单在第三季度加速增长,管理层对国际市场的增长前景保持乐观 [106][107] 公司战略和发展方向及行业竞争 - 公司在三大战略重点上持续取得进展:提供最佳HCM技术、提供无与伦比的专业服务和利用全球规模优势 [13][14][15] - 公司正在将生成式AI技术应用于各个利益相关方,包括客户、员工、服务团队和销售团队,以提高效率和客户体验 [15][16][17][18][19] - 公司在全球市场的扩张步伐不减,在印度等亚太地区的业务持续增长 [106][107][108][109][110] - 公司在中型企业市场保持强劲竞争力,通过产品投资、卓越的客户服务和强大的分销能力持续获得市场份额 [129][130][131] 管理层对经营环境和未来前景的评论 - 管理层对整体劳动力市场和HCM业务环境的稳定性保持乐观 [8] - 预计2025财年每个受控工资单增长将低于正常水平,但客户资金利息收入将继续带来支持 [43][44] - 管理层计划继续大幅投资生成式AI,预计短期内将对利润率产生一定压力,但长期将带来效率和生产力的提升 [44][45] 问答环节重要的提问和回答 问题1 **Owen Callahan 提问** 询问PEO业务在开放式登记季的趋势 [49] **Maria Black 和 Don McGuire 回答** 回应PEO业务在开放式登记季的表现仍在观察,但总体保留率有所改善,预计全年保留率将好于之前的预期 [50][51] 问题2 **Zack Ajzenman 提问** 询问ES收入增长维持不变的原因 [57][58] **Don McGuire 回答** 解释客户保留率和客户资金利息收入增长是ES收入增长维持不变的主要原因 [59][60] 问题3 **Mark Marcon 提问** 询问推动客户保留率和客户满意度提升的关键因素 [65] **Maria Black 回答** 指出中型企业业务是推动客户保留率和客户满意度提升的关键因素 [66]

文章核心观点 - 4月私营部门就业人数增加192,000人,略高于预期,但低于上月的208,000人[1] - 私营部门就业增长正在重新升温,三个月平均值高于前六个月[2] - 工资增长有所放缓,在岗员工平均涨幅5%,换工作者涨幅从3月的10%降至9.3%[3] - 大型企业(500人以上)贡献了大部分新增就业,小型企业(少于50人)贡献最少[4] - 休闲和酒店业、建筑业、贸易/运输/公用事业等行业新增就业较多,这些行业通常需要较低的正式教育[4] - 4月非农就业预计增加240,000个,就业形势总体保持强劲[5] 行业总结 - 休闲和酒店业新增就业56,000人,为行业中最多[4] - 建筑业新增就业35,000人[4] - 贸易/运输/公用事业新增就业26,000人[4] 公司总结 - Mastercard第一季度业绩超预期,每股收益3.31美元,高于预期3.22美元和去年同期2.80美元[7] - 收入为63.5亿美元,略高于预期63.3亿美元,但公司给出了较低的指引,导致股价下跌3%[8] - 雅诗兰黛第三财季业绩大幅超预期,每股收益97美分,高于预期48美分,但由于中国市场担忧而下调指引,股价下跌4%[9]

Automatic Data Processing (ADP) reported $5.25 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.6%. EPS of $2.88 for the same period compares to $2.52 a year ago. The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $5.22 billion. With the consensus EPS estimate being $2.76, the EPS surprise was +4.35%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Automatic Data Processing (ADP) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this payroll and human resources company would post earnings of $2.10 per share when it actually produced earnings of $2.13, delivering a surprise of 1.43%. Over ...

ADP Reports Third Quarter Fiscal 2024 Results • Revenues increased 7% compared to last year's third quarter to $5.3 billion; 6% organic constant currency • Net earnings increased 14% to $1.2 billion, and adjusted net earnings increased 13% to $1.2 billion • Adjusted EBIT increased 12% to $1.5 billion, and adjusted EBIT margin increased 140 basis points to 29.3% • Diluted earnings per share ("EPS") increased 15% to $2.88; adjusted diluted EPS increased 14% to $2.88 ROSELAND, N.J. – May 1, 2024 – ADP (Nasdaq: ...

Growth stocks can be the adrenaline that your portfolio needs. These companies prioritize rapid expansion, reinvesting profits back into the business to fuel long-term growth. The best growth stocks to buy can often be a tricky quest, as there can be a number of different prospects on your radar. However, if you look in the right places you will find ones that stand out in their respective fields. While they may carry higher volatility, they also possess the potential for outsized returns. As we look toward ...

文章核心观点 - 公司预计第三季度营收将同比增长6%,达到52亿美元[3] - 营收增长主要得益于新业务订单增加、小型企业业务改善以及中型企业和国际业务的健康增长[4] - 公司预计第三季度每股收益将同比增长9.5%至2.8美元[8] 公司业务分析 - 雇主服务业务预计将同比增长6.9%至36亿美元,主要受益于业务订单增加[5] - PEO服务业务预计将同比增长3.6%至16亿美元,主要受益于新业务订单增加和平均工作场所员工人数增长[6] - 客户资金持有利息收入预计将同比增长2.6%至2.558亿美元[7]

In its upcoming report, Automatic Data Processing (ADP) is predicted by Wall Street analysts to post quarterly earnings of $2.76 per share, reflecting an increase of 9.5% compared to the same period last year. Revenues are forecasted to be $5.22 billion, representing a year-over-year increase of 6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Ahea ...

Dividend stocks offer investors a great way to generate passive income on top of potential share price appreciation. Analysts continually seek out dividend-paying companies that offer attractive yields and demonstrate resilience and growth potential. For investors prioritizing a steady income stream, dividend stocks can be a cornerstone of a balanced portfolio. However, it is important to note that the selection process of dividend stocks can be extremely tricky. Investors should prioritize dividend stocks ...

Dividend growth stocks are an excellent choice for long-term investors. Mostly, this is due to their potential to generate above-average total returns over a multi-year time frame. There are two reasons for this. First, stocks with consistently growing dividends typically have earnings that are consistently growing as well. Stocks with steady earnings growth typically appreciate in value in tandem with increases in earnings per share. Second, the steadily increasing payouts from dividend growth names provid ...