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TriNet Group, Inc. (TNET) provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize businesses in the United States. 
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 benefits law compliance; and other HR related services.
It serves clients in various industries, including technology, professional services, financial services, life sciences, not-for-profit, property management, retail, manufacturing, and hospitality.
On February 14th, Trinet Group reported Quarter December 2021 earnings of $1.11 per share on revenue of $1.2 billion. The consensus earnings estimate was $0.54 per share on revenue of $244.1 million. Revenue grew 15.9% on a year-over-year basis.
The company said it expects first quarter non-GAAP earnings of $1.89 to $2.22 per share. The previous consensus earnings estimate was $1.42 per share for the quarter ending March 31, 2022. The company said it expects 2022 non-GAAP earnings of $4.55 to $5.20 per share.
The Company reports April 26th. Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $98.50
Trading Range: $69.43 - $109.40
Stop Loss: $94.00
Target Price: $107.50
