NYSE$NSP
Insperity Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported record results in growth and profitability, driven by a proven business model and strong execution.
Insperity announced record fourth-quarter and full-year 2022 results, with revenue increasing by 15.4% to $1.5 billion and net income reaching $38.2 million. The average number of worksite employees (WSEEs) paid per month increased by 14.3% to 307,506. The company also provided guidance for 2023, projecting continued growth in average WSEEs paid and adjusted EPS.
- Q4 average number of WSEEs paid and revenues up 14% and 15%, respectively
- Q4 net income and diluted EPS of $38.2 million and $0.99, respectively
- Q4 adjusted EBITDA and adjusted EPS of $78.9 million and $1.21, respectively
- Client retention remained strong, averaging 99% per month for the quarter
Headline financials
Revenue & EPS history
Insperity · Revenue · Quarterly
$1.49B
Forward guidance
The company provided its guidance for 2023, including the first quarter of 2023.
Tailwinds
- Q1 2023 Average WSEEs paid: 306,500—309,300
- Full Year 2023 Average WSEEs paid: 317,000—326,000
- Q1 2023 Adjusted EPS: $2.40—$2.60
- Full Year 2023 Adjusted EPS: $5.24—$6.30
- Q1 2023 Adjusted EBITDA (in millions): $143—$153
Headwinds
- Full Year 2023 Adjusted EBITDA (in millions): $353—$409
- Q1 2023 year-over-year comparisons are impacted by elevated COVID-19 medical claims in Q1 2022
- Q1 2023 year-over-year comparisons are impacted by higher interest income expectations in the first three quarters of 2023.
- Year-over-year 2023 adjusted EPS comparisons are impacted by higher interest
- Year-over-year 2023 adjusted EPS comparisons are impacted by depreciation and amortization expense expectations in 2023, which are not included in adjusted EBITDA.
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 Q4 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
| 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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