Market ConditionsThe sub-optimal state of labor markets, given deteriorating KPIs and downwardly revised projections, limits potential for upward estimate revisions.
Organic Growth ChallengesOrganic growth underperformance in the core business, including the Florida at-risk and agency businesses, contributed to a decline in shares.
Revenue VariabilityAreas of variability in the revenue model, such as hiring trends and client size, limit visibility and upside potential.