Insperity (NYSE: NSP) reported Q2 EPS of $1.54, $0.45 better than the analyst estimate of $1.09. Revenue for the quarter came in at $993.37 billion versus the consensus estimate of $1 billion.

• Q2 net income and diluted EPS up 82% and 93% to $52 million and $1.33, respectively
• Q2 adjusted EPS up 86% to $1.54
• Q2 adjusted EBITDA up 62% to $92 million
• YTD net income and diluted EPS up 9% and 15% to $114 million and $2.91, respectively
• YTD adjusted EBITDA and adjusted EPS up 22% and 15% to $193 million and $3.24, respectively

“We are pleased with our overall Q2 results and the resiliency of our business in the face of the COVID-19 disruption. Insperity employees performed admirably, demonstrating the value of an agile and sophisticated HR function and helping our best of class small and medium sized client base navigate these unusual challenges,” said Paul J. Sarvadi, Insperity chief executive officer and chairman. “We believe the value clients received from our services throughout this period will drive increased demand for premium HR services in the years ahead.”

GUIDANCE:

Insperity sees Q3 2020 EPS of $0.37-$0.54, versus the consensus of $0.41.

Insperity sees FY2020 EPS of $3.67-$4.04, versus the consensus of $3.39.

For earnings history and earnings-related data on Insperity (NSP) click here.