Barrett Business Services Inc reports results for the quarter ended June 30 - Earnings Summary

• Barrett Business Services Inc BBSI.OQ reported quarterly adjusted earnings of 70 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of four analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 64 cents to 78 cents per share.

• Revenue rose 10% to $307.66 million from a year ago; analysts expected $299.95 million.

• Barrett Business Services Inc's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $18.45 million.

• Barrett Business Services Inc shares had risen by 6.7% this quarter and gained 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the employment services peer group is also "buy"

• Wall Street's median 12-month price target for Barrett Business Services Inc is $46.00, about 3.5% above its last closing price of $44.39

This summary was machine generated from LSEG data August 6 at 10:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)