Insperity Inc. (NSP) shares surged 5.89% in pre-market trading on Monday, following the company's better-than-expected fourth quarter 2024 earnings results and optimistic guidance for 2025.
The human resources and business performance solutions provider reported fourth quarter revenue of $1.61 billion, surpassing the consensus estimate of $1.6 billion. Adjusted earnings per share (EPS) for the quarter came in at $0.05, exceeding analysts' expectations of $0.02.
For the full year 2024, Insperity delivered revenue growth of 1% to $6.6 billion and adjusted EPS of $3.58, driven by increasing pricing, better worker's compensation results and lower payroll taxes. The company also returned $152 million to shareholders through share repurchases and dividends during the year.
Looking ahead, Insperity forecasts continued momentum in 2025, projecting average worksite employees paid to increase by 2% to 4% year-over-year. The company expects full-year 2025 adjusted EPS to range between $3.10 and $3.95, representing growth of 10% at the midpoint compared to 2024.
Insperity's CEO Paul J. Sarvadi expressed optimism about the company's growth prospects, stating, "We expect to build on this momentum with growth acceleration in 2025. We are also focused on reaching significant milestones in our Workday strategic partnership this year, with the goal of enhancing our growth trajectory in 2026 and beyond."