Insperity's (NSP) Stock Down 15.2% Since Q4 Earnings Miss — entrepreneur.com

Insperity, Inc.NSP stock has declined 15.2% since its fourth-quarter 2021 earnings release on Feb 10. The price downfall can be attributed to lower-than-expected earnings performance. - Zacks Adjusted earnings of 34 cents per share missed the Zacks Consensus Estimate by 53.4% and decreased 30.6% year over year. The reported figure lies within the guidance of 74-93 cents.Revenues of $1.29 billion surpassed the consensus mark by 4.9% and increased 22.2% year over year. The upside was backed by 9% increase in revenues per worksite employees (WSEEs) and 12% increase in paid worksite employees.The average number of worksite employees paid per month, 268,978, inched up 12.4% year over year.Over the past year, shares of Insperity have gained 13.7% compared with 29.4% growth of the industry it belongs to.Image Source: Zacks Investment Research Operating Results        Gross profit of $170.62 million increased 1.8% from the year-ago quarter. Gross margin of 13.2% declined from 15.9% in the year-ago quarter. Gross profit per worksite employee per month decreased 9.4% year over year to $211.Adjusted EBITDA decreased 19.7% year over year to $30.39 million. Adjusted EBITDA per worksite employee per month decreased 28.3% to $38.Operating expenses decreased 2.4% year over year to $155.95 million. Operating expenses per worksite employee per month decreased 13.1% to $193.Operating income increased 90.4% year over year to $14.68 million. Operating income per worksite employee per month augmented 63.6% to $18. Balance Sheet & Cash Flow Insperity exited fourth-quarter 2021 with adjusted cash, cash equivalents and marketable securities of $162.75 million compared with $227.57 million at the end of the prior quarter. Long-term debt amounted to $369.40 million, flat sequentially.During the reported quarter, the company repurchased shares worth $19.9 million and paid out $94 million in cash dividends. Capital expenditures totaled $9.3 million. Q1 Guidance For first-quarter 2022, Insperity projects adjusted earnings of $1.56-$2.12 per share. The current Zacks Consensus Estimate of $1.90 lies within the guided range.Adjusted EBITDA is anticipated between $95 million and $125 million. Average WSEEs are expected in the range of 275,100-277,500. 2022 Guidance Insperity has unveiled its guidance for 2022. The company projects adjusted earnings in the band of $3.74-$4.86 per share. The current Zacks Consensus Estimate of $4.83 lies within the guidance.Adjusted EBITDA is anticipated in the range of $251-$311 million. Average WSEEs are expected in the range of 287,100-292,200.Currently, Insperity carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Business Services Companies Robert Half International RHI delivered impressive fourth-quarter 2021 results, with earnings and revenues beating the Zacks Consensus Estimate.Robert Half’s quarterly earnings of $1.51 per share beat the consensus mark by 5.6% and rose 79.8% year over year.Robert Half’s revenues of $1.77 billion surpassed the consensus mark by 4.3% and increased 36.2% year over year on a reported basis and 36% on an as-adjusted basis.Automatic Data Processing ADP reported better-than-expected second-quarter fiscal 2022 results.ADP’s adjusted earnings per share of $1.65 beat the Zacks Consensus Estimate by 1.2% and rose 9% year over year.ADP’s total revenues of $4.03 billion beat the consensus mark by 1.1% and improved 9% year over year on a reported basis as well as on an organic constant-currency basis.Rollins ROL reported mixed fourth-quarter 2021 results, with earnings meeting the Zacks Consensus Estimate and revenues beating the same.Rollins’ adjusted earnings of 14 cents per share meet the Zacks Consensus Estimate and increased 7.7% year over year.Rollins’ revenues of $600.3 million beat the consensus mark by 3.3% and improved 11.9% year over year. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report   Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report   Robert Half International Inc. (RHI): Free Stock Analysis Report   Insperity, Inc. (NSP): Free Stock Analysis Report   Rollins, Inc. (ROL): Free Stock Analysis Report   To read this article on Zacks.com click here.   Zacks Investment Research

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