The earnings call reflects a balanced view with strong client retention and increased booked sales as positives, while a decline in paid worksite employees and increased benefit costs present challenges. The company remains optimistic about future growth opportunities, particularly with strategic initiatives like the Workday partnership.
Company Guidance
During the Insperity Q3 2024 earnings call, the executives provided detailed financial guidance. For the fourth quarter, they forecast average paid worksite employees to range from 307,400 to 308,100, reflecting a decline of 1.3% to 1.5% compared to 2023. Full-year 2024 adjusted EPS is projected to be between $3.42 and $3.66, with adjusted EBITDA expected between $262 million and $274 million. For Q4 specifically, they anticipate adjusted EBITDA between $15 million and $27 million, and adjusted EPS ranging from negative $0.10 to positive $0.12. The guidance reflects a challenging economic environment, with a focus on maintaining strong client retention and leveraging strategic partnerships, like the one with Workday, to drive future growth. The company also highlighted its ongoing efforts to manage operating expenses, projecting approximately $60 million in costs associated with the Workday partnership for the full year.
Strong Client Retention
The company achieved a client retention rate of 99% for the quarter, which is a strong indicator of customer satisfaction and loyalty.
Increase in Booked Sales
Booked sales were up 8% over the same period last year, despite a challenging economic environment.
Successful Dividend and Share Repurchase Program
The company paid out $23 million in cash dividends and repurchased 167,000 shares of stock at a cost of $15 million.
Solid Cash Position
The company ended the quarter with $212 million of adjusted cash, an increase of about $40 million over the December 31, 2023 balance.
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Insperity (DE:ASF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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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DE:ASF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 31, 2024
€77.44
€71.98
-7.05%
Aug 01, 2024
€93.69
€89.75
-4.21%
Feb 08, 2024
€101.32
€101.32
0.00%
Oct 31, 2023
€87.23
€86.75
-0.55%
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 Insperity Inc (DE:ASF) report earnings?
Insperity Inc (DE:ASF) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Insperity Inc (DE:ASF) earnings time?
Insperity Inc (DE:ASF) earnings time is at Feb 06, 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.