Insperity Q2 2024 Adj. EPS $0.86 Beats $0.72 Estimate, Sales $1.605B Miss $1.619B Estimate
Portfolio Pulse from Benzinga Newsdesk
Insperity (NYSE:NSP) reported Q2 2024 adjusted EPS of $0.86, beating the $0.72 estimate, but sales of $1.605 billion missed the $1.619 billion estimate.
August 01, 2024 | 12:03 pm
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POSITIVE IMPACT
Insperity's Q2 2024 adjusted EPS of $0.86 beat the analyst estimate of $0.72, showing a strong performance with a 34.37% increase from last year. However, sales of $1.605 billion missed the $1.619 billion estimate, indicating a slight shortfall in revenue expectations.
The significant beat on EPS suggests strong profitability, which is positive for the stock. However, the slight miss on sales may temper some of the enthusiasm. Overall, the positive earnings surprise is likely to have a more substantial impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100