Automatic Data Processing (Nasdaq: ADP) is expected to report Q3 earnings on May 3. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Automatic Data Processing's revenues will expand 6.4% and EPS will grow 6.5%.

The average estimate for revenue is $3.11 billion. On the bottom line, the average EPS estimate is $0.98.

Revenue details
Last quarter, Automatic Data Processing notched revenue of $2.75 billion. GAAP reported sales were 7.9% higher than the prior-year quarter's $2.45 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.72. GAAP EPS of $0.80 for Q2 were 5.3% higher than the prior-year quarter's $0.76 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 47.0%, 20 basis points better than the prior-year quarter. Operating margin was 15.0%, 20 basis points better than the prior-year quarter. Net margin was 14.8%, 50 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.31 billion. The average EPS estimate is $2.91.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,097 members out of 1,158 rating the stock outperform, and 61 members rating it underperform. Among 394 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 387 give Automatic Data Processing a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Automatic Data Processing is outperform, with an average price target of $62.05.

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