Barrett Business Services Inc (NASDAQ: BBSI) has reported E.P.S. of $2.20 for its fourth fiscal quarter (ending December 31) versus $1.67 for the same period a year ago — an increase of 32%. Relative to the consensus estimate of $1.90, this was a premium of $0.30. For the latest four quarters through December 31, E.P.S. were $7.52 compared to $6.63 a year ago — an increase of 13%.
Recent Price Action
Barrett Business Services Inc (NASDAQ: BBSI) stock declined slightly by -0.5% on 2/28/24. The stock closed at $115.41. However, trading volume in this decline was below average at 81% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BBSI is expected to continue to be a major Value Builder.
Barrett Business Services has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Barrett Business Services has a poor Appreciation Score of 26 but a very high Power Rating of 92, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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