Business management solutions provider Barrett Business Services (NASDAQ: BBSI) will be reporting earnings this Wednesday afternoon. Here’s what to look for.
Barrett beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $307.7 million, up 10% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is Barrett a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Barrett has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 2.4% on average.
Looking at Barrett’s peers in the professional staffing & hr solutions segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ManpowerGroup delivered year-on-year revenue growth of 2.3%, beating analysts’ expectations by 0.7%, and Robert Half reported a revenue decline of 7.5%, in line with consensus estimates. ManpowerGroup traded down 11.4% following the results while Robert Half was also down 1.2%.
Read our full analysis of ManpowerGroup’s results here and Robert Half’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the professional staffing & hr solutions stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. Barrett is down 8.6% during the same time and is heading into earnings with an average analyst price target of $51.50 (compared to the current share price of $40.62).
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