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Automatic Data Processing Earnings Review: 20 Days after Announcement Shares Down 0.4% (ADP)
[February 25, 2013]

Automatic Data Processing Earnings Review: 20 Days after Announcement Shares Down 0.4% (ADP)

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- When Automatic Data Processing (NASDAQ:ADP) reported earnings two weeks ago on February 5th, 2013, analysts, on average, expected the company to report earnings of $0.71 on sales of $2.7 billion. The company actually reported EPS of $0.72 on sales of $2.7 billion, beating EPS estimates by $0.01 and beating revenue estimates by $22.7 million. Shares of Automatic Data Processing have slipped from $61.23 to $61.01, representing a loss of 0.4%, since the company reported earnings 20 days ago.

In the past 52 weeks, shares of Automatic Data Processing have traded between a low of $50.89 and a high of $61.76 and are now at $61.01, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.23% higher and 0.49% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Automatic Data Processing on December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.99. Since that recommendation, shares of Automatic Data Processing have risen 5.8%. We continue to monitor ADP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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