Insperity (NSP) Q1 Revenues and Earnings Beat, Stock Up 1.5%

OMC EFX NSP

Insperity, Inc. (NSP - Free Report)  reported solid first-quarter 2023 results, wherein earnings and revenues surpassed the respective Zacks Consensus Estimate.

Insperity’s shares have gained 1.5%  in response to the better-than-expected performance.

Adjusted earnings (excluding 22 cents from non-recurring items) of $2.67 per share outpaced the Zacks Consensus Estimate and our estimate by 7.7% and rose more than 34.2% year over year.

Revenues of $1.77 billion surpassed the Zacks Consensus Estimate by 0.8% and our estimate by 1.7%. Revenues increased 12.2% year over year. The upside was backed by an increase in the paid average number of worksite employees (WSEE).

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