Recap: Trinet Group Q4 Earnings - Trinet Group (NYSE:TNET)

Trinet Group TNET reported its Q4 earnings results on Monday, February 14, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Trinet Group beat estimated earnings by 109.26%, reporting an EPS of $1.13 versus an estimate of $0.54.

Revenue was up $72.00 million from the same period last year.

Last quarter the company beat on EPS by $0.52, which was followed by a 1.52% increase in the share price the next day.

Here's a look at Trinet Group's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.79	0.81	1.30	0.25
EPS Actual	1.31	1.56	1.66	0.44
Revenue Estimate	246.40M	236.27M	280.46M	195.57M
Revenue Actual	297.00M	302.00M	309.00M	221.00M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Trinet Group management provided guidance for their next quarter, expecting earnings between $1.89 and $2.22 per share for the next quarter.

This represents a 81.86% in quarter-over-quarter growth for Trinet Group, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.