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Mar 31, 2021
Insperity Q1 2021 Earnings Report
Insperity's first quarter results were announced, showing revenue increase and solid growth momentum.
Key Takeaways
Insperity reported a 5% increase in revenue to $1.3 billion for Q1 2021. Net income was $61.9 million, with diluted EPS at $1.59. Adjusted EPS increased by 7% to $1.82. The average number of worksite employees paid per month was 233,170.
Q1 revenue increased 5% to $1.3 billion.
Q1 net income was $61.9 million and diluted EPS was $1.59.
Q1 adjusted EPS increased 7% to $1.82.
The average number of worksite employees paid per month in Q1 2021 was 233,170.
Forward Guidance
Insperity provided guidance for Q2 2021 and full year 2021, including average WSEEs paid, adjusted EPS, and adjusted EBITDA.
Positive Outlook
- Q2 2021 average WSEEs paid is expected to be between 239,300 and 241,600.
- Full year 2021 average WSEEs paid is expected to be between 243,600 and 248,300.
- Q2 2021 adjusted EPS is projected to be between $0.60 and $0.70.
- Full year 2021 adjusted EPS is anticipated to be between $3.83 and $4.40.
- Full year 2021 adjusted EBITDA is expected to be between $250 million and $280 million.
Challenges Ahead
- Q2 2021 adjusted EPS is expected to decrease by 61% to 55% year-over-year.
- Q2 2021 adjusted EBITDA is expected to decrease by 52% to 47% year-over-year.
- Full year 2021 adjusted EPS is expected to decrease by 17% to 5% year-over-year.
- Full year 2021 adjusted EBITDA is expected to decrease by 13% to 3% year-over-year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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