NYSE$NSP
Insperity Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Insperity's financial performance rebounded strongly, with revenue and average WSEEs paid increasing. Net income and adjusted EPS also saw significant growth.
Insperity reported strong Q3 2023 results, with revenues up 7.8% to $1.6 billion and a 4.0% increase in average worksite employees (WSEEs) paid. Net income rose by 18% to $44.3 million, and adjusted EPS increased by 18.7% to $1.46. The company also updated its 2023 guidance, projecting continued growth.
- Q3 average number of WSEEs paid and revenues up 4% and 8%, respectively
- Q3 net income and diluted EPS up 18% to $44.3 million and $1.16, respectively
- Q3 adjusted EBITDA up 18% to $94.3 million; adjusted EPS up 19% to $1.46
- Return to shareholders of $194.4 million in YTD period through the repurchase of 1,259,000 shares at a cost of $131.4 million and $63.0 million in cash dividends
Headline financials
Revenue & EPS history
Insperity · Revenue · Quarterly
$1.55B
Forward guidance
Insperity provided updated guidance for Q4 2023 and full year 2023.
Tailwinds
- Q4 Average WSEEs paid: 316,750—318,250
- Q4 Year-over-year increase: 3.0%—3.5%
- Q4 Adjusted EPS: $0.44—$0.82
- Q4 Adjusted EBITDA (in millions): $43—$63
- Full Year Adjusted EBITDA (in millions): $340—$360
Headwinds
- Q4 Year-over-year decrease Adjusted EPS: (64%)—(32%)
- Q4 Adjusted EBITDA Year-over-year increase (decrease): (45%)—(20%)
- Full Year 2023Average WSEEs paid: 312,600—312,800
- Full Year Adjusted EPS: $5.20—$5.60
- Full Year Adjusted EBITDA Year-over-year increase (decrease): (3%)—2%
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 2023
-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
| Quarter | Report date | Reaction (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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