Core Insights - Barrett Business Services (BBSI) reported a quarterly loss of $0.02 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.31, and compared to earnings of $0.12 per share a year ago, indicating a 93.55% earnings surprise [1] - The company achieved revenues of $1.91 billion for the quarter ended March 2024, exceeding the Zacks Consensus Estimate by 1.62% and showing an increase from $1.79 billion year-over-year [1] Financial Performance - Over the last four quarters, Barrett has consistently surpassed consensus EPS estimates, achieving this four times [1] - The company has also topped consensus revenue estimates two times in the last four quarters [1] Stock Performance and Outlook - Barrett shares have increased approximately 4.9% since the beginning of the year, while the S&P 500 has gained 5.6% [2] - The current consensus EPS estimate for the upcoming quarter is $2.33, with expected revenues of $2.03 billion, and for the current fiscal year, the EPS estimate is $7.78 on revenues of $8.24 billion [4] Industry Context - The Outsourcing industry, to which Barrett belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges ahead [4] - Genpact, another company in the same industry, is expected to report its quarterly results on May 9, with an anticipated EPS of $0.69, reflecting a year-over-year change of +1.5% [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 0-21886 BARRETT BUSINESS SERVICES, INC. (Exact name of registrant as specified in its charter) Maryland 52-0812977 (State or other jurisdiction of ...

EXHIBIT 99.1 BBSI Reports Strong First Quarter 2024 Financial Results - Revenues of $265.8 Million with Gross Billings up 7% - VANCOUVER, Washington, May 1, 2024 – Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary vs. Year-Ago Quarter • Revenues up 4% to $265.8 million. • Gross billings up 7% to $1.91 billion. • Average works ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the ...

VANCOUVER, Wash., April 17, 2024 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:BBSI), a leading provider of business management solutions, will conduct a conference call on Wednesday, May 1, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2024. The company will report its financial results in a press release prior to the conference call. BBSI's CEO Gary Kramer and CFO Anthony Harris will host the conference ...

Investors eye businesses that generate profits on a regular basis. In order to gauge the extent of profits, there is no better metric than net profit margin.A higher net margin underlines a company’s efficiency in translating sales into actual profits. Moreover, this metric lends an insight into how well a company is run and the headwinds weighing on it. H&E Equipment Services, Inc. (HEES) , Barrett Business Services, Inc. (BBSI) , StoneX Group Inc. (SNEX) and Dycom Industries Inc. (DY) boast solid net prof ...

VANCOUVER, Wash., April 10, 2024 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ:BBSI), a leading provider of business management solutions, today announced that its board of directors has approved a future four-for-one split of the Company's common stock in the form of a stock dividend. "We believe this stock split will improve the overall trading efficiency of our stock and make our shares more accessible to a wider range of potential shareholders," said Gary Kramer, ...

Investors looking for stocks in the Outsourcing sector might want to consider either Barrett Business Services (BBSI) or Paychex (PAYX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong e ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...