NASDAQ$BBSI
Barrett Business Services Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
BBSI's Q3 2024 financial results were reported, showing an increase in revenue and net income compared to the same quarter last year.
BBSI reported strong Q3 2024 financial results, with revenues up 8% to $294.3 million and net income of $19.6 million, or $0.74 per diluted share. The company's performance was driven by growth in PEO services and strong client retention.
- Revenues increased by 8% to $294.3 million.
- Gross billings increased by 9% to $2.14 billion.
- Net income was $19.6 million, or $0.74 per diluted share.
- Average worksite employees increased by 5%.
Headline financials
Revenue & EPS history
BBSI · Revenue · Quarterly
$294M
Forward guidance
BBSI expects gross billings growth of 7% to 8%, growth in the average number of WSEs of 4% to 5%, gross margin as a percent of gross billings of 3.03% to 3.07%, and an effective annual tax rate of 26% to 27% for 2024.
Tailwinds
- Gross billings growth expected to be 7% to 8%.
- Growth in average WSEs expected to be 4% to 5%.
- Gross margin as a percent of gross billings expected to be 3.03% to 3.07%.
- Effective annual tax rate expected to remain at 26% to 27%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.4%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+3.4%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+25.3%
Q4 2015
Best reaction
-59.0%
Q3 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -3.1% | +8.4% | |
| Q4 2025 | -15.0% | -11.2% | -6.7% | |
| Q3 2025 | -14.4% | -14.8% | -15.2% | |
| Q1 2025 | -0.9% | +2.3% | +3.7% | |
| Q4 2024 | -0.5% | -3.7% | +1.8% | |
| Q3 2024 | +10.1% | +14.6% | +16.4% | |
| Q2 2024 | +0.5% | -6.4% | +0.1% | |
| Q1 2024 | -1.7% | +1.4% | +8.9% | |
| Q4 2023 | +5.2% | +3.6% | +9.2% | |
| Q3 2023 | +3.8% | +8.4% | +21.3% | |
| Q2 2023 | +1.9% | +4.4% | +6.5% | |
| Q1 2023 | -5.8% | -5.0% | +4.7% | |
| Q4 2022 | -5.4% | -3.9% | -7.6% | |
| Q3 2022 | +4.6% | +9.0% | +14.4% | |
| Q2 2022 | -0.3% | +3.6% | -1.7% | |
| Q1 2022 | +5.9% | +3.7% | +0.5% | |
| Q4 2021 | +21.4% | +23.6% | +33.0% | |
| Q3 2021 | -6.1% | -3.9% | -17.9% | |
| Q2 2021 | +5.7% | +7.4% | +6.4% | |
| Q1 2021 | +1.6% | +5.0% | -1.5% | |
| Q4 2020 | -5.8% | -0.0% | -4.4% | |
| Q3 2020 | +6.1% | +4.7% | +10.5% | |
| Q2 2020 | +8.9% | +7.9% | +4.8% | |
| Q1 2020 | -3.2% | +5.3% | +18.1% | |
| Q4 2019 | -18.6% | -25.5% | -54.2% | |
| Q3 2019 | +6.0% | +4.0% | -3.6% | |
| Q2 2019 | +2.9% | +7.9% | +6.8% | |
| Q1 2019 | +0.5% | +4.8% | -3.2% | |
| Q4 2018 | +8.9% | +7.2% | +2.8% | |
| Q3 2018 | +11.3% | +10.5% | +0.1% | |
| Q2 2018 | -23.6% | -19.4% | -22.0% | |
| Q1 2018 | -2.1% | -7.1% | -1.5% | |
| Q4 2017 | +5.9% | +7.8% | +18.2% | |
| Q3 2017 | +3.4% | +6.4% | +7.3% | |
| Q2 2017 | -11.8% | -9.2% | -2.3% | |
| Q1 2017 | -2.5% | -1.5% | +0.5% | |
| Q4 2016 | -11.2% | -13.4% | -11.8% | |
| Q3 2016 | +8.9% | +14.5% | +35.2% | |
| Q2 2016 | +0.8% | +5.1% | +4.5% | |
| Q1 2016 | +9.3% | -1.4% | +12.6% | |
| Q4 2015 | +25.3% | +28.3% | +35.7% | |
| Q3 2015 | +9.7% | — | — | |
| Q2 2015 | +2.8% | — | — | |
| Q1 2015 | +11.4% | — | — | |
| Q4 2014 | +17.6% | — | — | |
| Q3 2014 | -59.0% | — | — | |
| Q2 2014 | +15.7% | — | — | |
| Q1 2014 | -5.3% | — | — | |
| Q4 2013 | -8.5% | — | — | |
| Q3 2013 | +14.2% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2013 | -7.9% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q4 2012 | +3.9% | — | — | |
| Q3 2012 | +5.7% | — | — | |
| Q2 2012 | +8.7% | — | — | |
| Q1 2011 | -2.3% | — | — | |
| Q1 2012 | +5.8% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q3 2010 | -0.5% | — | — | |
| Q2 2010 | -6.0% | — | — | |
| Q2 2011 | -6.0% | — | — | |
| Q4 2010 | -6.0% | — | — | |
| Q1 2010 | +1.7% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro