Investing in stocks, after analyzing the valuation metrics, is considered one of the best practices. The price-to-earnings ratio has always been the obvious choice when considering the valuation metrics. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks incurring losses or in an early development cycle, generating meager or no profit.What’s the Price-to-Sales Ratio?While a loss-making company with a ...

VANCOUVER, Wash., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., is confirmed to attend the 2024 Annual Gateway Conference, which is being held September 4th and 5th at the Four Seasons Hotel in San Francisco, CA. BBSI executives will be available for one-on-one meetings throughout the conference. For additional information, to request an ...

Investing in stocks, after analyzing the valuation metrics, is considered one of the best practices. The price-to-earnings ratio has always been the obvious choice when considering the valuation metrics. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks incurring losses or in an early development cycle, generating meager or no profit.What’s the Price-to-Sales Ratio?While a loss-making company with a ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Barrett Business Services (BBSI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Barrett Business Services is a member of our Business Services group, which includes 316 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 indi ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

Have you been paying attention to shares of Barrett Business Services (BBSI) ? Shares have been on the move with the stock up 11.9% over the past month. The stock hit a new 52-week high of $37 in the previous session. Barrett Business Services has gained 26.6% since the start of the year compared to the 7.8% move for the Zacks Business Services sector and the 9.2% return for the Zacks Outsourcing industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it ha ...

For the quarter ended June 2024, Barrett Business Services (BBSI) reported revenue of $2.03 billion, up 6.2% over the same period last year. EPS came in at $0.62, compared to $0.62 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.02 billion, representing a surprise of +0.66%. The company delivered an EPS surprise of +6.90%, with the consensus EPS estimate being $0.58.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Barrett Business Services (BBSI) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.90%. A quarter ago, it was expected that this human resources management company would post a loss of $0.08 per share when it actually produced a loss of $0.01, delivering a surprise of 87.50%.Over the ...

Financial Data and Key Metrics Changes - Gross billings increased by 6% year-over-year to $2 billion in Q2 2024, compared to $1.9 billion in the prior year quarter [12] - PEO gross billings also rose by 6% to $2.01 billion, while staffing revenues declined by 3% to $20 million [12] - Net income per diluted share remained stable at $0.62, consistent with the year-ago quarter [16] Business Line Data and Key Metrics Changes - The number of worksite employees (WSEs) grew by 4% year-over-year, attributed to strong growth from net new PEO clients and hiring within the customer base [12][18] - Staffing operations experienced a decline of 3% year-over-year, impacted by macroeconomic headwinds, but are expected to grow sequentially in Q3 and Q4 [7][18] Market Data and Key Metrics Changes - PEO gross billings growth varied by region: East Coast grew by 19%, Mountain States by 7%, Southern California by 6%, Northern California by 4%, while the Pacific Northwest declined by 3% [13] - The Pacific Northwest region faced challenges with slower client growth and negative hiring trends [13][39] Company Strategy and Development Direction - The company is focusing on expanding into new markets with an asset-light model and has hired 17 new market development managers [8] - A strategic partnership with Kaiser Permanente for health insurance offerings is expected to enhance revenue and client acquisition [9][10] - The company aims to leverage its new health insurance products to attract new clients and enhance its value proposition [36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth in worksite employees and client hiring rates, with expectations for gross billings to increase between 6% and 8% for the year [18] - The company anticipates stable wage rates and hours worked, with an increase in average billing per WSE by 3% [12][16] - Management noted that the workers' compensation program is performing well, benefiting from favorable claim trends and adjustments [14] Other Important Information - The company repurchased $7 million of shares in Q2 2024, with $45 million remaining under the repurchase program [17] - The quarterly dividend rate was increased by 7% to $0.08 per share, reflecting confidence in cash flows and growth plans [17] Q&A Session Summary Question: Insights on workers' compensation adjustments - Management highlighted a favorable adjustment of $8.9 million, emphasizing a conservative approach and strong focus on workers' compensation [19][20] Question: Revenue impact from the Kaiser relationship - Management indicated that while initial revenue contributions from Kaiser may not be significant, they expect meaningful contributions by 2025 [22][23] Question: Referral partner network improvements - Management reported growth in the referral partner network, with active partners at an all-time high, although traction with benefits brokers is still developing [25][27] Question: Client migration trends in California - Management noted no significant impact from client migration out of California, with Northern California showing strong recovery in client hiring [30][31] Question: Progress in adding larger clients - Management confirmed a focus on small businesses, with new clients primarily coming from PEO takeaways rather than larger clients [44][45]