NYSE$NSP

Insperity Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong results driven by impressive growth in paid worksite employees and strong demand for services.

Insperity reported a strong second quarter with a 20.8% increase in revenues to $1.4 billion and a 19.4% increase in average worksite employees paid. Adjusted EPS increased by 27.5% to $1.16, and adjusted EBITDA increased by 24.6% to $75.0 million.

  • Q2 average number of WSEEs paid and revenues up 19% and 21%, respectively
  • Q2 net income and diluted EPS of $33.6 million and $0.87, respectively
  • Q2 adjusted EBITDA up 25% to $75.0 million
  • Q2 adjusted EPS up 27% to $1.16

Headline financials

Total Revenue

$1.43B

Previous: $1.19B+20.8%
EPS (adj)

$1.16

Previous: $0.91+27.5%
Average Worksite Employees Paid

290.5K

Previous: 243.3K+19.4%
Capital Expenditures

-$9.04M

Previous: -$20.7M+56.3%
Free Cash Flow

$24.6M

Previous: $4.45M+452.3%
Net Income

$33.6M

Previous: $25.2M+33.6%
Operating Income

$48.4M

Previous: $35.2M+37.3%
Gross Profit

$240M

Previous: $200M+20.2%
Cash & Equivalents

$511M

Previous: $455M+12.2%
Total Assets

$1.89B

Previous: $1.73B+9.5%

Revenue & EPS history

Insperity · Revenue · Quarterly

$1.43B

Q2 2022+20.8%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company updated its guidance for 2022, including the third quarter of 2022. Q3 2022 Average WSEEs paid 301,300—303,900, Adjusted EPS $0.83—$1.06, Adjusted EBITDA (in millions) $59—$71. Full Year 2022 Average WSEEs paid 294,600—297,200, Adjusted EPS $4.68—$5.25, Adjusted EBITDA (in millions) $305—$335.

Tailwinds

  • Q3 2022 Average WSEEs paid 301,300—303,900
  • Q3 2022 Adjusted EPS $0.83—$1.06
  • Q3 2022 Adjusted EBITDA (in millions) $59—$71
  • Full Year 2022 Average WSEEs paid 294,600—297,200
  • Full Year 2022 Adjusted EPS $4.68—$5.25

Headwinds

  • Full Year 2022 Adjusted EBITDA (in millions) $305—$335
  • Q3 2022 Year-over-year increase (decrease) Adjusted EPS (7)%—19%
  • Q3 2022 Year-over-year increase (decrease) Adjusted EBITDA (2)%—18%
  • Closely monitor the impact of the pandemic
  • Closely monitor the tight labor market and the possibility of an economic slowdown

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 Q2 2022

Historical avgQ2 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%

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