Insperity Raises FY24 Outlook: Adj. EPS From $3.17-$3.90 To $3.33-$3.88 Vs. $3.65 Estimate, GAAP EPS From $2.02-$2.75 To $2.18-$2.73 Vs. $2.59 Estimate
Portfolio Pulse from Benzinga Newsdesk
Insperity has raised its FY24 outlook, adjusting its EPS guidance. The company now expects adjusted EPS to be between $3.33 and $3.88, compared to the previous range of $3.17 to $3.90 and the consensus estimate of $3.65. GAAP EPS guidance has been revised to $2.18 to $2.73, up from $2.02 to $2.75, against the consensus estimate of $2.59.
August 01, 2024 | 12:07 pm
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Insperity has raised its FY24 EPS guidance, with adjusted EPS now expected to be between $3.33 and $3.88, and GAAP EPS between $2.18 and $2.73. These revisions are slightly above consensus estimates, which could positively impact the stock price in the short term.
The upward revision in EPS guidance, both adjusted and GAAP, indicates better-than-expected financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100