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).
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.
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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