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Barrett Business Services (BBSI)
NASDAQ:BBSI
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
>-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -3.14%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
BBSI experienced strong financial performance in Q4 and 2024, with significant growth in gross billings, worksite employees, and client satisfaction. Successful strategic initiatives and expansions contributed to positive results. However, challenges remain in staffing revenues and regional growth in the Pacific Northwest. Overall, the highlights significantly outweigh the lowlights, indicating strong performance and future optimism.Company Guidance
During the conference call, BBSI provided a comprehensive overview of its financial and operational performance for the fourth quarter and the full year ending December 31, 2024. Key metrics highlighted include a 10% increase in gross billings for the quarter to $2.25 billion, with a 7.9% growth for the year, reaching $8.3 billion. The company also achieved a 5.2% growth in worksite employees and reported record client retention rates. BBSI's staffing business saw a decline of 9% in the quarter, but the company is forecasting modest growth in 2025. Net Promoter Score improved by 5 points to 69, reflecting high client satisfaction. Additionally, BBSI's strategic investment in technology and new product offerings contributed to its success, with the launch of a new Applicant Tracking System anticipated to further enhance client services in 2025. The company's financial outlook for 2025 projects a 7% to 9% growth in gross billings and a 4% to 6% increase in average worksite employees.Strong Financial Performance
Gross billings increased 10% year-over-year in Q4 to $2.25 billion and 7.9% for the full year to $8.3 billion. Diluted earnings per share increased 17% in Q4 to $0.63 and 7% for the full year to $1.98.
Record Worksite Employee Growth
Achieved a record number of worksite employees from new client additions in both Q4 and the full year, with a year-over-year increase of 5.2% in Q4.
Successful Expansion and Strategic Initiatives
Successfully expanded into new geographies with an asset-light model and operationalized strategic sales initiatives, resulting in greater sales velocity and record client retention.
BBSI Benefits Growth
Doubled the number of clients and participants in the BBSI Benefits plans, growing from 275 clients and 6,800 participants to 575 clients and 16,000 participants by the end of January.
Net Promoter Score Improvement
Net Promoter Score increased by 5 points to 69, indicating higher client satisfaction and value recognition.
IT Product Enhancements
Launched a new BBSI Applicant Tracking System and planning additional product launches to enhance the employee life cycle experience.
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BBSI 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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BBSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $40.50 | $40.29 | -0.52% |
| Nov 06, 2024 | $40.29 | $41.11 | +2.04% |
| Jul 31, 2024 | $36.29 | $36.51 | +0.61% |
| May 01, 2024 | $30.41 | $29.68 | -2.40% |
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 Barrett Business Services (BBSI) report earnings?
Barrett Business Services (BBSI) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Barrett Business Services (BBSI) earnings time?
Barrett Business Services (BBSI) earnings time is at Apr 30, 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 BBSI EPS forecast?
BBSI EPS forecast for the fiscal quarter 2025 (Q1) is -0.13.
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