Barrett Business Services (NASDAQ:BBSI) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$273.8m (up 11% from 3Q 2021).
  • Net income: US$17.4m (up 17% from 3Q 2021).
  • Profit margin: 6.4% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue.
  • EPS: US$2.48 (up from US$1.98 in 3Q 2021).
NasdaqGS:BBSI Earnings and Revenue Growth November 4th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Barrett Business Services EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company’s shares are up 9.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example – Barrett Business Services has 1 warning sign we think you should be aware of.

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