TNET Stock Recent News

TriNet Group (TNET) came out with quarterly earnings of $2.16 per share, missing the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.49 per share a year ago.

There will be an abundance of stocks to choose from that might serve as viable buy-the-dip candidates amid recent market volatility and investors may want to consider Distribution Solutions Group (DSRG) and TriNet T(NET) after recent pullbacks from their 52-week highs.

TriNet's investments in growth appear to be paying off, with the company reporting robust new sales and retention throughout 2023. WSE growth is the most important metric to track for TriNet, and it appears to be on the verge of expanding. TriNet's acquisition of Zenefits appears to be driving customer growth.

TriNet Group, Inc. (TNET) Q4 2023 Earnings Call Transcript

TriNet Group (TNET) came out with quarterly earnings of $1.60 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.11 per share a year ago.

TriNet's stock has been performing well, nearly doubling since November 2022 and up 21.5% since last quarter's earnings report. Key performance indicators to watch include WSE user growth, insurance cost ratio, and growth in HRIS users and/or revenue from Zenefits acquisition. TNET is executing its KPIs, with growth in new annual contract value, improvement in retention rate, and growth in HRIS revenue during Q3.

TriNet Group, Inc. provides outsourced human capital management services to organizations worldwide. TriNet Group is managing costs well and has an improved outlook from small and medium-sized business buyers. The stock has performed well and has potential for further growth, making TriNet Group, Inc. shares a Buy.

DUBLIN, Calif. , Nov. 6, 2023 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Burton M.

TriNet (TNET) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

TriNet Group, Inc. (NYSE:TNET ) Q3 2023 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Alex Bauer – Head-Investor Relations Burton M. Goldfield – Chief Executive Officer Kelly Tuminelli – Chief Financial Officer Conference Call Participants Tien-Tsin Huang – JPMorgan Kyle Peterson – Needham Andrew Nicholas – William Blair Jared Levine – TD Cowen Operator Good afternoon and welcome to the TriNet Third Quarter 2023 Earnings Conference Call.