NYSE$NSP

Insperity Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Insperity's first quarter results were strong, with significant growth in WSEEs paid and revenues.

Insperity reported excellent first-quarter results, marked by a 22.6% increase in revenues to $1.6 billion and a 19.5% increase in average worksite employees (WSEEs) paid. Adjusted EPS increased by 9% to $1.99, and adjusted EBITDA rose by 14% to $118.6 million.

  • Average number of WSEEs paid and revenues increased by 19.5% and 22.6%, respectively.
  • Net income and diluted EPS were reported at $69.9 million and $1.80, respectively.
  • Adjusted EBITDA increased by 14% to $118.6 million.
  • Adjusted EPS stood at $1.99.

Headline financials

Total Revenue

$1.58B

Previous: $1.29B+22.6%
EPS (adj)

$1.99

Previous: $1.82+9.3%
Average Worksite Employees Paid

278.7K

Previous: 233.2K+19.5%
Capital Expenditures

-$4.69M

Previous: -$12.1M+61.2%
Free Cash Flow

$65.2M

Previous: $49.9M+30.8%
Net Income

$69.9M

Previous: $61.9M+12.9%
Operating Income

$98.4M

Previous: $83.8M+17.4%
Gross Profit

$286M

Previous: $251M+13.7%
Cash & Equivalents

$577M

Previous: $495M+16.5%
Total Assets

$1.94B

Previous: $1.77B+9.7%

Revenue & EPS history

Insperity · Revenue · Quarterly

$1.58B

Q1 2022+22.6%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Insperity provided updated guidance for Q2 2022 and full year 2022. Q2 2022 average WSEEs paid are expected to be between 287,100 and 289,500, with adjusted EPS between $0.88 and $1.12. Full year 2022 average WSEEs paid are expected to be between 289,600 and 294,700, with adjusted EPS between $4.31 and $5.09.

Tailwinds

  • Q2 2022 average WSEEs paid are expected to increase 18.0%-19.0% year-over-year.
  • Full year 2022 average WSEEs paid are expected to increase 15.5%-17.5% year-over-year.
  • Full year 2022 Adjusted EBITDA is expected to increase 12%-28%.
  • Full year 2022 Adjusted EPS is expected to increase 9%-29%.
  • Q2 2022 Adjusted EBITDA is expected to increase 0%-21%.

Headwinds

  • Q2 2022 Adjusted EPS is expected to decrease (3)% - increase 23% year-over-year.
  • Net income for Q2 2022 is guided to be $23-$32 million.
  • Net income for full year 2022 is guided to be $132-$162 million.
  • EBITDA for Q2 2022 is guided to be $45-$58 million.
  • EBITDA for full year 2022 is guided to be $237-$279 million.

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 2022

Historical avgQ1 2022

-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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