Accounting firm CBIZ Q3 revenue, adj EPS miss analyst estimates

CBIZ

Mon 11:42

Overview
US professional services advisor's Q3 revenue grew 1.2% yr/yr, missing analyst expectations
Adjusted EPS for Q3 missed analyst expectations

Outlook
Company did not provide financial guidance for full year 2026 in the press release due to proposed acquisition

Result Drivers
OPERATING EXPENSES - Operating expenses fell to $588.2 mln from $603.7 mln in the prior yr, supporting improved net income
GROSS MARGIN - Gross margin rose to $114.1 mln from $90.1 mln in the prior yr
INTEGRATION COSTS - Integration costs related to acquisitions totaled $17.3 mln in Q3

Company press release: ID:nGNX8VfGNl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$702.24 mln
$720.55 mln (5 Analysts)
Q3 Adjusted EPS
Miss
$1.21
$1.29 (5 Analysts)
Q3 Net Income
 
$47.24 mln
 
Q3 Adjusted EBITDA
 
$131.85 mln
 
Q3 Operating Expenses
 
$588.19 mln
 
Q3 Operating Income
 
$90.18 mln
 

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)