We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Staffing Stocks to Watch for Earnings on Aug 1: BGSF, NSP
Read MoreHide Full Article
With more than 50% of the companies on the S&P 500 index having already reported their Q2 results, we now have a clearer picture of the overall quarterly performance. As of Jul 28, 278 members of the S&P 500 index have already reported their quarterly numbers. Consolidated earnings have dropped 3.5% from the comparable period last year, though revenues inched up 0.5%. While 75.2% of the companies have surpassed earnings estimates, 54.3% beat revenue expectations.
Growth in the staffing industry hasn’t been disappointing despite the fact that the last quarter wasn’t great for the labor market. Yesterday, a leading staffing company Automatic Data Processing Inc. (ADP - Free Report) reported mixed second quarter 2016 results with earnings surpassing the Zacks Consensus Estimate but revenues not matching up to the same.
Let’s have a look at two other staffing firms - BG Staffing Inc. (BGSF - Free Report) and Insperity, Inc. (NSP - Free Report) , which are scheduled to release their quarterly results on Aug 1.
BG Staffing provides temporary staffing services across a number of industries. The company also offers skilled contract labor for Finance & Accounting as well as IT implementation and maintenance projects nationwide. The company, though a relatively smaller player in the market, sports a Zacks Rank #1 (Strong Buy). However it has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 40 cents. Though a Zacks Rank #1 increases the predictive power of ESP, we need to have a positive ESP to be confident about an earnings surprise..
Insperity, a leading player in the professional employer organization (PEO) industry, is expected to benefit from decent client retention and growth in worksite employees. However, the company has not achieved the desired levels despite increasing average worksite employees, which remains a concern. The company has a Zacks Rank #3, which when combined with a 0.00% ESP makes surprise prediction difficult. (Read: Insperity to Report Q2 Earnings: Will It Surprise?)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Staffing Stocks to Watch for Earnings on Aug 1: BGSF, NSP
With more than 50% of the companies on the S&P 500 index having already reported their Q2 results, we now have a clearer picture of the overall quarterly performance. As of Jul 28, 278 members of the S&P 500 index have already reported their quarterly numbers. Consolidated earnings have dropped 3.5% from the comparable period last year, though revenues inched up 0.5%. While 75.2% of the companies have surpassed earnings estimates, 54.3% beat revenue expectations.
Growth in the staffing industry hasn’t been disappointing despite the fact that the last quarter wasn’t great for the labor market. Yesterday, a leading staffing company Automatic Data Processing Inc. (ADP - Free Report) reported mixed second quarter 2016 results with earnings surpassing the Zacks Consensus Estimate but revenues not matching up to the same.
Let’s have a look at two other staffing firms - BG Staffing Inc. (BGSF - Free Report) and Insperity, Inc. (NSP - Free Report) , which are scheduled to release their quarterly results on Aug 1.
BG Staffing provides temporary staffing services across a number of industries. The company also offers skilled contract labor for Finance & Accounting as well as IT implementation and maintenance projects nationwide. The company, though a relatively smaller player in the market, sports a Zacks Rank #1 (Strong Buy). However it has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 40 cents. Though a Zacks Rank #1 increases the predictive power of ESP, we need to have a positive ESP to be confident about an earnings surprise..
BG STAFFING INC Price and EPS Surprise
BG STAFFING INC Price and EPS Surprise | BG STAFFING INC Quote
Insperity, a leading player in the professional employer organization (PEO) industry, is expected to benefit from decent client retention and growth in worksite employees. However, the company has not achieved the desired levels despite increasing average worksite employees, which remains a concern. The company has a Zacks Rank #3, which when combined with a 0.00% ESP makes surprise prediction difficult. (Read: Insperity to Report Q2 Earnings: Will It Surprise?)
INSPERITY INC Price and EPS Surprise
INSPERITY INC Price and EPS Surprise | INSPERITY INC Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>