TriNet Group (TNET) Tops Q2 EPS by 75c
TriNet Group (NYSE: TNET) reported Q2 EPS of $1.56, $0.75 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.1 million versus the consensus estimate of $236.27 million.
Third Quarter and Full-Year 2021 Guidance
In addition to announcing our second quarter 2021 results, we provide our third quarter and full-year 2021 guidance. Non-GAAP financial measures are reconciled later in this release. Percentages reflect the increase or (decrease) from the prior year quarter and prior year end.
Q3 2021 | Full Year 2021 | |||||||||||||||
Low | High | Low | High | |||||||||||||
Total Revenues | 15 | % | 17 | % | 10 | % | 12 | % | ||||||||
Professional Service Revenues | 15 | % | 20 | % | 13 | % | 15 | % | ||||||||
Net Insurance Margin | 8.5 | % | 10.5 | % | 11.5 | % | 12.5 | % | ||||||||
Ratio of Insurance Costs to Insurance Service Revenues | 91.5 | % | 89.5 | % | 88.5 | % | 87.5 | % | ||||||||
Diluted net income per share of common stock | $ | 0.48 | $ | 0.72 | $ | 3.60 | $ | 4.03 | ||||||||
Adjusted Net Income per share - diluted | $ | 0.62 | $ | 0.87 | $ | 4.25 | $ | 4.70 | ||||||||
For earnings history and earnings-related data on TriNet Group (TNET) click here.