Barrett Business Services (BBSI)
NASDAQ:BBSI
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.56Last Year’s EPS
0.7Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational story: steady top-line and PEO growth, meaningful benefits momentum, strong East Coast and asset-light market expansion, product/tech investments, and a robust balance sheet with active capital return. Offsetting items included a pronounced 21% decline in staffing revenue, regional softness in California, a material one-time $11.6M tax charge that produced a GAAP loss, and near-term margin and SG&A pressures. Management reiterated full-year guidance and highlighted improving workers' compensation pricing, suggesting stabilization and potential margin recovery over time.Company Guidance
Solid Top-Line Growth
Gross billings increased 3.5% year-over-year to $2.16 billion in Q1 2026 (PEO gross billings +3.7% to $2.15 billion), in line with company expectations.
Worksite Employee Growth and New Client Adds
PEO worksite employees grew 2% in the quarter. The company added approximately 5,300 worksite employees year-over-year from net new clients, and asset-light markets contributed ~550 new WSEs during the quarter.
Strong Benefits Momentum
BBSI Benefits showed strong performance: 93% renewal of the book (97% on an adjusted basis), added nearly 140 clients and ~3,500 participants during Q1, and first-quarter benefits costs rose ~56% year-over-year consistent with benefits billings growth. About 60% of clients placed on benefits in Q1 were new to BBSI.
Regional Outperformance (East Coast and Asset-Light Markets)
East Coast delivered 17% growth for the quarter and marked its 20th consecutive quarter of double-digit growth. Asset-light markets grew 85% year-over-year for Q1 and are gaining traction as part of geographic expansion.
Product / Technology Enhancements
Launched and expanded tech stack capabilities: applicant tracking system (earlier), employee file cabinet (January), and performance management module (April). Beta feedback was positive and management expects these tools to boost sales and retention.
Improving Workers' Compensation Pricing Trend
Management reported a 5-month trend of increased workers' compensation pricing with supportive market actions (California advisory recommended a further ~10% increase), expected to help stabilize and expand margins over time.
Strong Balance Sheet and Capital Return
Unrestricted cash and investments of $92 million and no debt at quarter end. Returned capital to shareholders via $20 million of share repurchases in the quarter (average price $28.68) with $55 million remaining under the $100 million program, plus $2 million in dividends; over $40 million returned in the last six months.
Reiterated Full-Year Outlook
Company reaffirmed full-year guidance: gross billings growth 3%–5%, WSE growth 2%–4%, gross margin as a percentage of gross billings 2.7%–2.85%, and normalized effective tax rate 26%–27%.
BBSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BBSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $29.44 | $29.90 | +1.56% |
Feb 25, 2026 | $31.38 | $26.75 | -14.74% |
Nov 05, 2025 | $40.50 | $34.76 | -14.17% |
Aug 06, 2025 | $44.08 | $46.54 | +5.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Barrett Business Services (BBSI) report earnings?
Barrett Business Services (BBSI) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Barrett Business Services (BBSI) earnings time?
Barrett Business Services (BBSI) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBSI EPS forecast?
BBSI EPS forecast for the fiscal quarter 2026 (Q2) is 0.56.