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Barrett Business Services Inc. Message Board

  • freelance707 freelance707 Feb 10, 2014 6:37 PM Flag

    Guidance for 1Q 2014

    On Feb. 4th., BBSI's investor page posted the following guidance for its 1Q 2014, ending on March 31, 2014.

    Projected gross revenue: $735M to $755M (Low, high)
    Projected diluted loss per common share: $(0.45) to $(0.50)

    * My comments: Payroll taxes are paid in the first quarter, so a loss is not unexpected. For comparison, 1Q 2013, BBSI reported gross revenue of $591M, and EPS of ($0.36) Management has to have included the impact of the ACE insurance policy into this guidance. So the current bloodbath on the stock seems unreasonable. .

    Sentiment: Hold

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