TriNet Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• TriNet Group, Inc. TNET.N reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.11. The mean expectation of seven analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 39 cents to 77 cents per share.

• Revenue fell 4.6% to $1.18 billion from a year ago; analysts expected $1.18 billion.

• TriNet Group, Inc.'s reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $31 million.

• TriNet Group, Inc. shares had risen by 12.6% this quarter and gained 19.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the employment services peer group is "buy."

• Wall Street's median 12-month price target for TriNet Group, Inc. is $66.00, about 6.7% below its last closing price of $70.41

This summary was machine generated from LSEG data October 29 at 07:23 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)