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TriNet Group (TNET)
:TNET
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
1.6Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -1.11%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
TriNet faces significant challenges due to rising healthcare costs and flat customer hiring, which have impacted financial performance and led to cautious revenue guidance. However, the company has shown resilience with record customer retention, strong sales growth, and effective expense management. The overall sentiment is mixed, reflecting both positive strategic adjustments and ongoing operational challenges.Company Guidance
In the TriNet Third Quarter 2024 Earnings Call, the company provided guidance for the fourth quarter and the full year, highlighting several key metrics. TriNet expects total revenues to vary between a 1% decline and a 2% increase for Q4, with professional service revenues anticipated to decrease between 8% and 5%. The Insurance Cost Ratio (ICR) for Q4 is forecasted to be between 96.5% and 93.5%, reflecting the seasonally highest quarter due to the annual reset of pooling limit deductibles. For the full year, TriNet projects total revenue growth of 1% to 2% and professional service revenues to remain flat or grow by 1%. The ICR for the full year is expected to be between 90.3% and 89.6%. The company is also predicting GAAP net income per diluted share to be between $3.70 and $4.20, and adjusted net income per diluted share to range from $4.95 to $5.45. The guidance reflects the challenging health cost environment and the company's proactive pricing adjustments and expense management strategies.Record Customer Retention
TriNet is forecasting record customer retention for the full year 2024, achieving targeted double-digit price increases with strong customer retention.
Sales and Pipeline Growth
Sales were in line with the prior year, which were up 40% over Q3 2022, and the pipeline for January 1 shows over 20% year-over-year growth.
Strong Expense Management
Operating expenses declined by 1% year-over-year as TriNet focused on process and technology improvements.
Positive Adjustments and Leadership
TriNet has improved risk management by creating a focused Insurance Services group and hiring Tim Nimmer, leading to strengthened actuarial talent.
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TNET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TNET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $91.38 | $80.09 | -12.36% |
| Jul 26, 2024 | $108.27 | $110.40 | +1.97% |
| Apr 26, 2024 | $125.79 | $104.89 | -16.61% |
| Feb 15, 2024 | $116.20 | $125.95 | +8.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TriNet Group (TNET) report earnings?
TriNet Group (TNET) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is TriNet Group (TNET) earnings time?
TriNet Group (TNET) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNET EPS forecast?
TNET EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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