INSPERITY Reports Strong Second Quarter Financial Results for Fiscal Year 2023
August 22, 2023
☀️Earnings Overview
INSPERITY ($NYSE:NSP) reported its financial results for the second quarter of fiscal year 2023 on June 30, 2023. Total revenue for the period grew 10.7% compared to the same quarter last year, reaching USD 1585.1 million, while net income for the period decreased 61.6% year over year to USD 12.9 million.
Share Price
Despite this, the stock opened at $100.0 and closed at $97.8, signifying a plunge of 16.9% from its previous closing price of 117.6. Despite this initial dip, investors remain optimistic about INSPERITY‘s financial future. This indicates a higher level of capital investment and a larger potential for future growth.
These strong second quarter financial results come as no surprise to investors, as INSPERITY has been reporting increasing profits over the past several years. The company’s strong financial performance is likely to continue in the future, and investors are confident about their prospects going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Insperity. More…
| Total Revenues | Net Income | Net Margin |
| 6.28k | 183.39 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Insperity. More…
| Operations | Investing | Financing |
| 255.27 | -39.77 | -134.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Insperity. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.87k | 1.73k | 3.45 |
Key Ratios Snapshot
Some of the financial key ratios for Insperity are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.1% | 2.9% | 4.2% |
| FCF Margin | ROE | ROA |
| 3.5% | 125.7% | 8.9% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of INSPERITY‘s fundamentals in order to assess its risk rating. We are pleased to report that our analysis has led us to the conclusion that INSPERITY is a low risk investment in terms of financial and business aspects. However, we have detected one risk warning in the balance sheet which potential investors should be aware of. To find out more about this risk warning, we encourage investors to register on goodwhale.com where they can find access to further details. More…
Peers
In the business world, competition is fierce. Companies are constantly striving to one-up their competitors in an effort to gain market share. This is especially true in the human resources outsourcing industry, where companies like Insperity Inc, Trinet Group Inc, Barrett Business Services Inc, and Hudson Global Inc are constantly vying for the top spot. All of these companies offer similar services, so they must differentiate themselves in order to stand out. Insperity Inc has done this by becoming a trusted partner to its clients and providing a comprehensive suite of services. Its competitors, while also offering quality services, have not been able to match Insperity Inc’s level of customer service and satisfaction.
– Trinet Group Inc ($NYSE:TNET)
Trinet Group Inc is a professional services firm that provides a comprehensive range of human resources solutions to businesses and organizations of all sizes. The company offers a wide range of services, including payroll and tax administration, benefits administration, risk and compliance management, human capital management, and other HR-related services. Trinet Group Inc has a market cap of 4.57B as of 2022, a Return on Equity of 45.01%. The company has a long history of providing high-quality human resources solutions to businesses across a wide range of industries. Trinet Group Inc is a publicly traded company listed on the New York Stock Exchange.
– Barrett Business Services Inc ($NASDAQ:BBSI)
Barrett Business Services Inc is a provider of professional employer organization services in the United States. The company has a market cap of 588.79M as of 2022 and a Return on Equity of 24.37%. The company offers a range of services including payroll processing, human resources management, employee benefits, and workers’ compensation insurance.
– Hudson Global Inc ($NASDAQ:HSON)
Hudson Global Inc., a professional staffing and solutions company, provides talent acquisition, management, and deployment services worldwide. It operates through two segments, North America and International. The company offers a range of professional staffing and talent management solutions, including permanent, temporary, and contract recruitment; managed staffing programs; executive search; outplacement; and professional consulting services. It serves clients in a range of industries, such as accounting and finance, banking and financial services, creative and digital media, engineering, healthcare, human resources, information technology, legal, life sciences, sales and marketing, and supply chain and logistics. The company was founded in 1991 and is headquartered in New York, New York.
Summary
Despite strong revenue growth of 10.7%, INSPERITY reported a considerable 61.6% year-over-year decrease in net income for the second quarter of fiscal year 2023. At USD 1585.1 million, total revenue was highest among the past five quarters, however the stock price reacted negatively to the news of the decreased net income and moved down the same day. Investors should consider the impact of these results before investing in INSPERITY, as it may affect future performance.
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