TriNet Group, Inc. (NYSE:TNET) is set to announce third quarter earning results on Monday 26th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TNET to report 3Q20 income of $ 0.16 per share.
For the full year, analysts anticipate top line of $ 976.41 million, while looking forward to income of $ 3.60 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.08 ~ $ 0.20 per share, while revenues are expected in a range of $ 172.38 million ~ $ 183.43 million
Full Year 2020 topline are forecasted in a range of$ 929.00 million ~ $ 975.45 million, where as bottomline are predicted in a range of $ 3.23 ~ $ 3.80 per share
Click Here For More Historical Outlooks Of TriNet Group, Inc.
Previous Quarter Performance
TriNet Group, Inc. disclosed income for the second quarter of $ 2.03 per share, from the revenue of $ 335.00 million. The quarterly earnings boosted 190.00 percent while revenues raised 45.02 percent compared with the same quarter last year.
According to street consensus, TNET was expected to report 2Q20 income of $ 1.08 per share from revenue of $ 268.46 million. The bottom line results beat street analysts by $ 0.95 or 87.96 percent, at the same time, top line results outshined analysts by $ 66.54 million or 24.79 percent.
Stock Performance
On Friday, shares of TriNet Group, Inc. has traded high as $ 72.62 and has cracked $ 70.72 on the downward trend, reaching $ 72.25 with volume of 312.30 thousand shares.
According to the previous trading day, closing price of $ 72.25, representing a 156.42 % increase from the 52 week low of $ 27.79 and a 3.47 % decrease over the 52 week high of $ 73.82.
The company has a market capital of $ 4.86 billion and is part of the Industrials sector and Business Services industry.
Conference Call
TriNet Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.trinet.com
TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefit law compliance; and other services.
