Barrett Business Services Stock Earnings Reports
Barrett Business Services Earnings Calls
Release date | May 07, 2025 |
EPS estimate | -$0.130 |
EPS actual | -$0.0400 |
EPS Surprise | 69.23% |
Revenue estimate | 285.908M |
Revenue actual | 292.566M |
Revenue Surprise | 2.33% |
Release date | Feb 26, 2025 |
EPS estimate | $0.620 |
EPS actual | $0.630 |
EPS Surprise | 1.61% |
Revenue estimate | 293.652M |
Revenue actual | 304.82M |
Revenue Surprise | 3.80% |
Release date | Nov 06, 2024 |
EPS estimate | $0.690 |
EPS actual | $0.740 |
EPS Surprise | 7.25% |
Revenue estimate | 293.652M |
Revenue actual | 294.278M |
Revenue Surprise | 0.213% |
Release date | Jul 31, 2024 |
EPS estimate | $0.580 |
EPS actual | $0.620 |
EPS Surprise | 6.90% |
Revenue estimate | 275M |
Revenue actual | 279.651M |
Revenue Surprise | 1.69% |
Last 4 Quarters for Barrett Business Services
Below you can see how BBSI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Jul 31, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $36.44 |
EPS estimate | $0.580 |
EPS actual | $0.620 |
EPS surprise | 6.90% |
Date | Price |
---|---|
Jul 25, 2024 | $35.50 |
Jul 26, 2024 | $36.03 |
Jul 29, 2024 | $35.65 |
Jul 30, 2024 | $36.49 |
Jul 31, 2024 | $36.44 |
Aug 01, 2024 | $36.66 |
Aug 02, 2024 | $35.81 |
Aug 05, 2024 | $34.17 |
Aug 06, 2024 | $34.88 |
4 days before | 2.65% |
4 days after | -4.28% |
On release day | 0.604% |
Change in period | -1.75% |
Release date | Nov 06, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $40.37 |
EPS estimate | $0.690 |
EPS actual | $0.740 |
EPS surprise | 7.25% |
Date | Price |
---|---|
Oct 31, 2024 | $36.19 |
Nov 01, 2024 | $36.29 |
Nov 04, 2024 | $36.72 |
Nov 05, 2024 | $37.42 |
Nov 06, 2024 | $40.37 |
Nov 07, 2024 | $41.19 |
Nov 08, 2024 | $41.37 |
Nov 11, 2024 | $42.88 |
Nov 12, 2024 | $42.79 |
4 days before | 11.55% |
4 days after | 5.99% |
On release day | 2.03% |
Change in period | 18.24% |
Release date | Feb 26, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $40.50 |
EPS estimate | $0.620 |
EPS actual | $0.630 |
EPS surprise | 1.61% |
Date | Price |
---|---|
Feb 20, 2025 | $40.82 |
Feb 21, 2025 | $40.14 |
Feb 24, 2025 | $40.01 |
Feb 25, 2025 | $40.35 |
Feb 26, 2025 | $40.50 |
Feb 27, 2025 | $40.29 |
Feb 28, 2025 | $40.25 |
Mar 03, 2025 | $40.18 |
Mar 04, 2025 | $39.00 |
4 days before | -0.784% |
4 days after | -3.70% |
On release day | -0.519% |
Change in period | -4.46% |
Release date | May 07, 2025 |
Fiscal end date | Mar 31, 2025 |
Price on release | $40.77 |
EPS estimate | -$0.130 |
EPS actual | -$0.0400 |
EPS surprise | 69.23% |
Date | Price |
---|---|
May 01, 2025 | $40.78 |
May 02, 2025 | $42.02 |
May 05, 2025 | $41.92 |
May 06, 2025 | $41.38 |
May 07, 2025 | $40.77 |
May 08, 2025 | $40.42 |
May 09, 2025 | $40.45 |
May 12, 2025 | $41.45 |
May 13, 2025 | $41.71 |
4 days before | -0.0245% |
4 days after | 2.31% |
On release day | -0.86% |
Change in period | 2.28% |
Barrett Business Services Earnings Call Transcript Summary of Q1 2025
Summary of BBSI Earnings Call - Q1 2025
Key Financial Highlights:
- Record Performance: BBSI achieved a record start to the year with revenue exceeding expectations due to strong new client sales and high client retention.
- Gross Billings: Total gross billings rose by 9.5% year-over-year to $2.09 billion; PEO gross billings increased by 10% to $2.07 billion.
- Worksite Employees Growth: The company added approximately 7,900 worksite employees (WSEs), reflecting a 7.6% increase year-over-year.
- Staffing Segment Decline: Staffing revenues declined by 10% year-over-year to $18 million, due to a slowdown in March hiring.
- Margins and Expenses: Gross margin remains stable; SG&A expenses increased by 6% due to employee-related costs, but still grew slower than billings.
Market and Product Development:
- New Market Entries: BBSI plans to open physical locations in Chicago, Dallas, and Nashville by early Q3, enhancing its asset-light business model.
- Product Launches: Successful rollout of BBSI Benefits, adding over 17,500 participants. The new Applicant Tracking System is expected to enhance client hiring efficiency.
- Healthcare Partnerships: Strategic partnerships with Aetna and Kaiser Permanente are yielding strong results, with a significant increase in client adoption.
Outlook and Guidance:
- Cautious Approach: Despite a strong start, the company maintains a cautious outlook for the remainder of the year due to economic uncertainties affecting client workforce decisions.
- Guidance Maintained: BBSI expects gross billings growth of 7%-9% and WSE growth of 4%-6% for the year, alongside a stable gross margin between 2.85% and 3.1%.
- Focus on Sustainable Growth: BBSI remains committed to executing its strategic initiatives and positioning itself to navigate macroeconomic challenges, emphasizing the benefits of PEO relationships for small businesses during uncertain times.
Strategic Focus:
- Continued investment in technology and market expansion aimed at enhancing client experience and retention.
- Acknowledgement that macroeconomic factors may influence client behavior, particularly regarding hiring and workforce management.
Conclusion
BBSI demonstrated strong performance in Q1 2025, marked by record revenue and worksite employee growth. The company is cautious yet optimistic about maintaining growth amid economic uncertainties, focusing on strategic product launches and market expansions. Investors should note the potential impact of macroeconomic factors while considering BBSI's resilient business model and growth strategies.