TriNet Group Full Year 2023 Earnings: Beats Expectations
TriNet Group (NYSE:TNET) Full Year 2023 Results
Key Financial Results
Revenue: US$4.92b (flat on FY 2022).
Net income: US$375.0m (up 5.6% from FY 2022).
Profit margin: 7.6% (up from 7.3% in FY 2022).
EPS: US$6.58 (up from US$5.64 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TriNet Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%.
Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are up 13% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for TriNet Group (1 doesn't sit too well with us) you should be aware of.
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