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Analyst

Zack Ajzenman

TD Cowen · covers Industrials

Period: Reporting period mapped to calendar 2024 Q3.

Limited coverage. Only 2 questions of coverage. Treat these numbers as directional — sample too small for reliable averages.
Questions
2on tracked calls
Challenge rate
0%none of 2 questionsLimited sample
Companies
1questioned at least once
Reporting periods
1with questions

These figures cover the whole profile: every tracked question, all reporting periods.

How to read these numbers

Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.

Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.

No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.

Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.

Small samples. Profiles with fewer than 10 questions are marked Limited sample.

Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.

Questions asked

Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.

Showing 2 of 2 questions from 1 company

ADPADP2 questions · 1 reporting period · 0 of 2 challenging
ADP company page →

Calendar 2024 Q3

If you can just dig into the areas of strength in Q1 and kind of how it progressed through the quarter

DemandRevenue GrowthTranscript · FY2025 Q1 →
Show response

Maria provided detailed breakdown of strength across down-market Retirement Services, mid-market HR Outsourcing, and International, confirming broad-based demand.

are you still anticipating an improvement in PEO worksite employee retention year-over-year growth for fiscal '25

Subscriber GrowthCompetitive DynamicsTranscript · FY2025 Q1 →
Show response

Maria clarified bookings, not retention, drove WSE outperformance. Retention contributes modestly; focus remains on accelerating PEO new business bookings.

Challenge rate by company

Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.

CompanyQuestionsChallenge rate
ADP ADP2—Rate withheld: fewer than 3 questions
  • ADP
    ADP · 2 questions
    —rate withheld: under 3 questions

Activity by reporting period

Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.

Questions by calendar reporting period
Calendar periodQuestionsChallenge rateCompanies
2024 Q320%none of 2 questions1
  1. 2024 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company

Topics

Topics tagged on this analyst’s questions.

  • Demand1
  • Revenue Growth1
  • Subscriber Growth1
  • Competitive Dynamics1