HR outsourcing provider Insperity (NYSE: NSP) will be announcing earnings results this Thursday before market open. Here’s what to look for.
Insperity missed analysts’ revenue expectations last quarter, reporting revenues of $1.67 billion, up 3.4% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ full-year EPS guidance estimates and a significant miss of analysts’ EPS guidance for next quarter estimates.
Is Insperity a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Insperity’s revenue to grow 1.8% year on year, slowing from the 3.4% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Insperity’s peers in the professional staffing & hr solutions segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Kforce posted flat year-on-year revenue, meeting analysts’ expectations, and Robert Half reported a revenue decline of 3.8%, in line with consensus estimates. Kforce traded up 41.3% following the results while Robert Half was down 5.8%.
Read our full analysis of Kforce’s results here and Robert Half’s results here.
There has been positive sentiment among investors in the professional staffing & hr solutions segment, with share prices up 13.1% on average over the last month. Insperity is up 30.2% during the same time and is heading into earnings with an average analyst price target of $40.50 (compared to the current share price of $35.87).
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