NYSE$NSP

Insperity Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Insperity's first quarter results were announced, showing revenue increase and solid growth momentum.

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.

Headline financials

Total Revenue

$1.29B

Previous: $1.23B+4.7%
EPS (adj)

$1.82

Previous: $1.70+7.1%
Average Worksite Employees Paid

233.2K

Previous: 238.0K-2.0%
Capital Expenditures

-$12.1M

Previous: -$15.6M+22.7%
Free Cash Flow

$49.9M

Previous: $46.5M+7.3%
Net Income

$61.9M

Previous: $62.1M-0.3%
Operating Income

$83.8M

Previous: $85.2M-1.6%
Gross Profit

$251M

Previous: $234M+7.4%
Cash & Equivalents

$495M

Previous: $405M+22.2%
Total Assets

$1.77B

Previous: $1.52B+16.2%

Revenue & EPS history

Insperity · Revenue · Quarterly

$1.29B

Q1 2021+4.7%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Insperity provided guidance for Q2 2021 and full year 2021, including average WSEEs paid, adjusted EPS, and adjusted EBITDA.

Tailwinds

  • 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.

Headwinds

  • 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.
  • Q2 2021 Adjusted EPS and Adjusted EBITDA comparisons to Q2 2020 reflect the unusually low benefits costs incurred during Q2 2020 due to health care deferrals and stay at home orders during the COVID-19 pandemic onset.

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 Q1 2021

Historical avgQ1 2021

-1.2%

Avg return

Earnings day

-2.5%

Avg return

5 days after

-2.1%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+17.6%

Q1 2016

Best reaction

-34.2%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.4%-23.2%-7.8%
Q4 2025-10.9%-23.7%-40.0%
Q3 2025-18.0%-24.9%-20.3%
Q1 2025-14.5%-14.9%-17.1%
Q4 2024+16.2%+26.0%+26.0%
Q3 2024-7.3%-5.9%-2.8%
Q2 2024-6.9%-9.1%-8.5%
Q1 2024+0.2%-0.2%-8.0%
Q4 2023-14.8%-18.4%-10.7%
Q3 2023+7.8%+12.5%+17.9%
Q2 2023-18.1%-20.0%-13.9%
Q1 2023+1.6%+2.3%-8.0%
Q4 2022+5.6%+6.6%+6.1%
Q3 2022+12.6%+5.7%+10.6%
Q2 2022-0.8%-0.4%-0.7%
Q1 2022+9.6%+7.2%-0.5%
Q4 2021-17.0%-14.6%-21.5%
Q3 2021-1.4%-2.6%-9.8%
Q2 2021+1.4%+2.9%+11.6%
Q1 2021+0.4%+1.5%+1.4%
Q4 2020-9.3%-12.5%+6.7%
Q3 2020+11.0%+13.5%+13.5%
Q2 2020+3.9%+4.4%+4.1%
Q1 2020+12.6%+15.4%+22.3%
Q4 2019-17.1%-15.0%-41.9%
Q3 2019-34.2%-36.0%-28.1%
Q2 2019-26.4%-29.1%-33.7%
Q1 2019-2.4%-1.0%-7.8%
Q4 2018+12.1%+17.0%+11.4%
Q3 2018+1.2%+3.2%-8.9%
Q2 2018+7.0%+11.9%+26.0%
Q1 2018+7.7%+8.3%+19.9%
Q4 2017+7.5%+10.0%+20.5%
Q3 2017+8.4%+9.9%+20.7%
Q2 2017+11.0%+11.6%+6.4%
Q1 2017-4.7%-9.3%-17.4%
Q4 2016+15.5%+14.9%+22.7%
Q3 2016-13.6%-10.0%-5.5%
Q2 2016-12.8%-12.8%-16.5%
Q1 2016+17.6%
Q4 2015+12.6%
Q3 2015-7.1%
Q2 2015-6.0%
Q1 2015+11.9%
Q4 2014+8.1%
Q3 2014+4.0%
Q2 2014-4.5%
Q1 2014-1.1%
Q4 2013-15.7%
Q3 2013-8.7%
Q2 2013+1.3%
Q1 2013+0.5%
Q4 2012-16.1%
Q3 2012+7.1%
Q2 2012-8.6%
Q1 2012-7.9%
Q4 2011+3.7%
Q3 2011-1.8%
Q2 2011-6.4%
Q1 2010+6.4%
Q1 2011+1.7%
Q4 2008-2.3%
Q4 2010-2.3%
Q3 2009+6.4%
Q3 2010+6.4%
Q2 2010-3.2%
Q4 2009-3.2%
Q2 2009-3.2%

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