Overview
TriNet Q3 revenue fell 2% yr/yr but beat analyst expectations
Adjusted EPS for Q3 beats consensus
Company reaffirms full-year 2025 guidance, tracking towards high end of earnings range
Outlook
TriNet reaffirms 2025 revenue guidance between $4.95 bln and $5.14 bln
Company expects 2025 adjusted EBITDA margin of 7% to 9%
TriNet projects 2025 diluted EPS between $1.90 and $3.40
Result Drivers
CHALLENGING SMB ENVIRONMENT - TriNet cites a challenging SMB business environment impacting revenue
HIGH CUSTOMER SATISFACTION - TriNet recorded its highest ever customer net promoter score and retention above historical average
REPRICING AND INITIATIVES - TriNet nearly completed aggressive repricing and launched go-to-market initiatives for future growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.23 bln | $1.21 bln (4 Analysts) |
Q3 Adjusted EPS | Beat | $1.11 | $0.77 (6 Analysts) |
Q3 Adjusted Net Income | Beat | $55 mln | $36.60 mln (5 Analysts) |
Q3 Net Income | $34 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for TriNet Group Inc is $69.00, about 9.1% above its October 28 closing price of $62.75
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nPn5Vtbx3a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)