Barrett Business Services (BBSI) Beats Q3 Earnings and Revenue Estimates

Company Performance - Barrett Business Services (BBSI) reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and up from $0.67 per share a year ago, representing an earnings surprise of 7.25% [1] - The company posted revenues of $2.14 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.58%, and an increase from $1.96 billion year-over-year [2] - Over the last four quarters, Barrett has consistently surpassed consensus EPS and revenue estimates [2] Stock Performance - Barrett shares have increased approximately 29.3% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $2.22 billion, and for the current fiscal year, it is $1.99 on revenues of $8.26 billion [7] Industry Outlook - The Outsourcing industry, to which Barrett belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Barrett's stock may be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]