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Dec 31, 2020
Insperity Q4 2020 Earnings Report
Insperity's Q4 2020 results were announced, revealing a mix of challenges and achievements amidst an unprecedented year.
Key Takeaways
Insperity's Q4 2020 shows a net income of $4.3 million and an adjusted EPS of $0.49. The average number of worksite employees paid per month increased sequentially, but revenues saw a slight year-over-year decline due to the FICA deferral program.
Net income for Q4 2020 was $4.3 million, with diluted EPS at $0.11.
Adjusted EPS for Q4 2020 decreased by 14% to $0.49.
The average number of worksite employees paid per month increased 3% sequentially to 239,232.
Gross profit increased by 3% to $167.6 million compared to Q4 2019.
Insperity
Insperity
Forward Guidance
Insperity provided guidance for Q1 2021 and full year 2021, anticipating solid sales and improved client retention offset by the loss of a large enterprise account.
Positive Outlook
- Q1 2021 Average WSEEs paid between 232,100 and 234,400
- Full Year 2021 Average WSEEs paid between 238,900 and 248,300
- Q1 2021 Adjusted EPS between $1.37 and $1.72
- Full Year 2021 Adjusted EPS between $3.27 and $4.20
- Full Year 2021 Adjusted EBITDA between $225 million and $275 million
Challenges Ahead
- Q1 2021 year-over-year increase (decrease) in Average WSEEs paid between (2.5)% and (1.5)%
- Full Year 2021 year-over-year increase (decrease) in Average WSEEs paid between 2.0% and 6.0%
- Q1 2021 year-over-year increase (decrease) in Adjusted EPS between (19.4)% and 1.2%
- Full Year 2021 year-over-year increase (decrease) in Adjusted EPS between (29.5)% and (9.5)%
- Q1 2021 Adjusted EBITDA between $84 million and $103 million