Insperity Q2 EPS $0.64 Misses $1.24 Estimate, Sales $1.58B Beat $1.54B Estimate
Portfolio Pulse from Benzinga Newsdesk
Insperity (NYSE:NSP) reported Q2 earnings of $0.64 per share, missing the analyst consensus estimate of $1.24 by 48.39%. This is a 44.83% decrease from the same period last year. However, the company reported quarterly sales of $1.58 billion, beating the analyst consensus estimate of $1.54 billion by 2.27%, a 10.34% increase from the same period last year.
August 01, 2023 | 12:30 pm
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NEGATIVE IMPACT
Insperity's Q2 earnings missed estimates by a significant margin, which could negatively impact investor sentiment. However, the company's sales beat estimates, which could offset some of the negative impact.
Insperity's earnings miss is a negative signal that could lead to a decrease in the stock price in the short term. However, the sales beat is a positive signal that could offset some of the negative impact. The net effect is likely to be negative, but the magnitude of the impact will depend on the relative importance investors place on earnings versus sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100