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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.
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)%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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