Barrett Business Services (BBSI) Tops Q3 EPS by 5c ; Provides Outlook

Barrett Business Services (NASDAQ: BBSI) reported Q3 EPS of $0.74, $0.05 better than the analyst estimate of $0.69. Revenue for the quarter came in at $294.28 million versus the consensus estimate of $286.37 million.

Outlook:-

BBSI expects the following for 2024:

Gross billings growth of 7% to 8% (versus 6% to 8% prior)
Growth in the average number of WSEs of 4% to 5%
Gross margin as a percent of gross billings of 3.03% to 3.07% (versus 3.0% to 3.1% prior)
Effective annual tax rate to remain at 26% to 27%

For earnings history and earnings-related data on Barrett Business Services (BBSI) click here.

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