Insperity Inc: Slumps on downbeat FY 2020 forecast

Insperity

11/02/2020 22:31

** Shares of HR services provider  NSP.N  slump ~17% to $74
on dismal FY 2020 and Q1 forecast
    ** Shares set to open at their lowest in nearly three
months, if losses hold
    ** NSP expects FY 2020 adj. EPS of $3.75-$4.16, lower than
analysts' avg. est. of $4.64 - Refinitiv data 
    ** Company sees Q1 2020 adj. EPS of $1.61-$1.70, which falls
short of analysts' avg. est. of $1.77 
    ** However, NSP's Q4 profit and revenue beat est. 
    ** Stock fell ~8% in 2019 

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))