Insperity (NSP) Tops Q1 EPS by 2c
Insperity (NYSE: NSP) reported Q1 EPS of $1.84, $0.02 better than the analyst estimate of $1.82. Revenue for the quarter came in at $882.66 million versus the consensus estimate of $887.37 million.
“We are pleased with our first quarter results and the solid execution driving our successful year-end transition,” said Paul J. Sarvadi, Insperity chairman and chief executive officer. “This strong start to the year, combined with a 13% increase in the number of trained Business Performance Advisors, sets the stage for another record setting year in 2017.”
2017 Guidance
The company also announced its updated guidance for 2017, including the second quarter of 2017. Please refer to the accompanying financial tables at the end of this press release for the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures.
| Q2 2017 | Full Year 2017 | ||||||||||||||||||||
| Average WSEEs | 179,100 | — | 180,700 | 184,000 | — | 186,000 | |||||||||||||||
| Year-over-year increase | 9.5% | — | 10.5% | 11% | — | 12% | |||||||||||||||
| Adjusted EPS | $0.65 | — | $0.71 | $4.30 | — | $4.44 | |||||||||||||||
| Year-over-year increase | 8% | — | 18% | 20% | — | 24% | |||||||||||||||
| Adjusted EBITDA (in millions) | $27.0 | — | $29.0 | $162.0 | — | $166.0 | |||||||||||||||
| Year-over-year increase | 6% | — | 13% | 15% | — | 18% | |||||||||||||||
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For earnings history and earnings-related data on Insperity (NSP) click here.