Adp stock price today forecast hinges partly on the Fed’s rate

ADP stock price today forecast hinges partly on the Fed’s rate decisions; stable rates could foster stronger corporate payroll expansion benefiting ADP’s quarterly performance. As we reported in this space yesterday afternoon, Nike NKE reports fiscal Q1 earnings after today’s close. This company is a solid gauge for affects of tariff policy on goods-producing businesses, and as such is expected to bring in -60% earnings growth year over year and -4.95% on revenues from a year ago. Double-digit negative earnings levels are expected for both new quarter and the current fiscal year. That said, Nike is riding eight-straight quarters of outperforming earnings expectations. To track analyst ratings and price targets for $ADP, check out Quiver Quantitative's $ADP forecast page. Short-term ADP stock price today forecast sees consolidation within the $246–$250 range before any breakout, as market participants await new macroeconomic payroll figures mid-week.