Cbiz Inc Reports Results For The Quarter Ended In June: Earnings Summary

CBIZ

01/08/2024 20:49

* CBIZ Inc  CBZ.N  reported quarterly adjusted earnings of
39
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 53
cents.  The mean expectation of three analysts for the quarter
was for earnings of 68 cents per share. Wall Street expected
results to range from 64 cents to 71 cents per share.
    * Revenue rose 5.4% to $420.01 million from a year ago;
analysts
expected $423.07 million. 
    * CBIZ Inc's reported EPS for the quarter was 39 cents​.
    * The company reported quarterly net income of $19.79
million.
    * CBIZ Inc shares had fallen by 6.3% this quarter and
gained 10.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for CBIZ Inc is
$80.00 
This summary was machine generated from LSEG data August 1 at
07:49 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.68           0.39           Missed
 Mar. 31 2024      1.50           1.53           Beat
 Dec. 31 2023      -0.27          -0.26          Beat
 Sep. 30 2023      0.60           0.67           Beat