The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Barrett Business Services (BBSI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Barrett Business Services is one of 315 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector R ...

Investors interested in Outsourcing stocks are likely familiar with Barrett Business Services (BBSI) and 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 proven Zacks Rank emphasizes companies with positive e ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Core Insights - Barrett Business Services (BBSI) is currently rated 2 (Buy) by Zacks and has a Value grade of A, indicating strong potential for value investors [2][4] Valuation Metrics - BBSI has a Forward P/E ratio of 15.11, significantly lower than the industry average of 20.23, with a 52-week range of 10.64 to 16.31 [2] - The PEG ratio for BBSI is 1.08, compared to the industry average of 1.94, with a 52-week range of 0.76 to 1.17 [2] - BBSI's P/B ratio stands at 4.39, well below the industry average of 12.91, with a 12-month range of 3.08 to 4.47 [3] - The P/S ratio for BBSI is 0.74, compared to the industry's average of 1.12, indicating a favorable valuation based on sales [3] - BBSI has a P/CF ratio of 14.01, lower than the industry average of 16.31, with a 12-month range of 10.11 to 14.77 [4] Investment Outlook - The combination of these valuation metrics suggests that BBSI is likely undervalued, making it an attractive option for value investors [4]

Group 1 - The article compares Barrett Business Services (BBSI) and Paychex (PAYX) to determine which stock is more attractive to value investors [1] - BBSI has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision trend compared to PAYX, which has a Zacks Rank of 3 (Hold) [1] - The Zacks Rank and Style Scores system are used to identify strong value opportunities, emphasizing companies with positive estimate revisions [1] Group 2 - Value investors typically analyze traditional metrics such as P/E ratio, P/S ratio, earnings yield, and cash flow per share to identify undervalued stocks [2] - BBSI has a forward P/E ratio of 15.38, while PAYX has a forward P/E of 25.91, indicating BBSI may be undervalued [2] - BBSI's PEG ratio is 1.10, compared to PAYX's PEG ratio of 3.31, suggesting BBSI has a better expected EPS growth relative to its valuation [2] Group 3 - BBSI's P/B ratio is 4.39, while PAYX has a P/B of 12.48, further indicating BBSI's relative undervaluation [3] - Based on various valuation metrics, BBSI holds a Value grade of A, whereas PAYX has a Value grade of D, reinforcing BBSI's attractiveness to value investors [3] - BBSI outperforms PAYX in both Zacks Rank and Style Scores, making it a more appealing option for value investors at this time [3]

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.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, ...

Financial Data and Key Metrics Changes - Gross billings increased by 4% to $7.7 billion in 2023 compared to $7.4 billion in the prior year, while diluted earnings per share rose by 13% to $7.39 from $6.54 [13][14] - In Q4 2023, gross billings increased by 5% to $2.05 billion compared to $1.95 billion in Q4 2022, and diluted earnings per share increased by 32% to $2.16 from $1.64 [14] Business Line Data and Key Metrics Changes - PEO gross billings increased by 6% in Q4 to $2 billion, while staffing revenues were $22 million, reflecting a 22% decline year-over-year [14][15] - PEO worksite employees grew by 2% in Q4, driven by strong growth from net new PEO clients, despite slower hiring within existing clients [14][15] Market Data and Key Metrics Changes - The East Coast PEO gross billings grew by 16%, Mountain States by 10%, Southern California by 6%, Pacific Northwest by 3%, while Northern California remained flat [15] - The staffing business experienced a 22% decline year-over-year, attributed to macroeconomic factors and a shift in strategy [9][15] Company Strategy and Development Direction - The company is focusing on expanding its asset-light model and entering new markets, with plans to establish physical locations in three markets in 2024 [10][45] - Continued investment in technology and product offerings, including enhancements to myBBSI and the introduction of new health insurance products, is expected to drive growth [11][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024, expecting gross billings to increase between 6% and 8% and average worksite employees to rise by 4% to 5% [20] - The company anticipates a return to positive net client hiring in 2024, with signs of improvement in residential construction spending [20][21] Other Important Information - The company achieved a Net Promoter Score of 64, indicating strong client satisfaction and willingness to recommend BBSI [7] - The company repurchased $5 million of shares in Q4 2023, with a total of over $34 million repurchased throughout the year [19] Q&A Session Summary Question: Can you discuss the underwriting risk on healthcare? - Management clarified that they do not take on underwriting risk for healthcare, opting for a fixed fee model to ensure consistent cash flow and earnings [24] Question: How has the renewal season gone and what is the pricing environment? - Management reported a 94% renewal rate and noted that while medical costs are rising, they have been able to offer competitive pricing due to being a new entrant in the market [32][33] Question: What is the outlook for workers' compensation adjustments? - Management indicated that favorable adjustments for prior year liabilities are expected to continue, with 2023 being the largest in history [38] Question: How has the view of the economy changed? - Management noted improvements in client hiring and stability in the workforce, particularly in the construction sector, leading to optimism for 2024 [40] Question: What are the plans for physical locations? - Management confirmed plans to open three physical locations in 2024, with ongoing recruitment to support these expansions [45]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 (IRS Employer incorporation or organization) Identification No.) 8100 NE Parkway Drive, Suite 200 Vancouver, Washington 98662 (Ad ...

EXHIBIT 99.1 BBSI Reports Strong Fourth Quarter and Full Year 2023 Financial Results - Q4 2023 Net Income of $14.6 Million, or $2.16 per Diluted Share - - Full Year 2023 Net Income of $50.6 Million, or $7.39 per Diluted Share - VANCOUVER, Washington, February 28, 2024 – Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Finan ...

Core Viewpoint - Barrett Business Services, Inc. (BBSI) will hold a conference call on February 28, 2024, to discuss its financial results for Q4 and the full year ended December 31, 2023 [1]. Group 1: Conference Call Details - The conference call is scheduled for 5:00 p.m. Eastern time (2:00 p.m. Pacific time) [1]. - CEO Gary Kramer and CFO Anthony Harris will host the call, which will include a question and answer session [1]. - Participants are encouraged to dial in 5-10 minutes prior to the start time [1]. Group 2: Replay Information - The conference call will be broadcast live and available for replay on the BBSI website [2]. - A replay will be accessible after 8:00 p.m. Eastern time on the same day through March 28, 2024 [2]. - The toll-free replay number is 1-844-512-2921, and the international replay number is 1-412-317-6671 [2]. Group 3: Company Overview - BBSI is a leading provider of business management solutions, specializing in human resource outsourcing and professional management consulting [3]. - The company operates an integrated platform that includes payroll processing, employee benefits, workers' compensation coverage, risk management, and human resource administration [3]. - BBSI serves over 7,500 clients across various industries and is licensed to operate in all 50 states [3].