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

CBIZ

25/04/2024 21:46

* CBIZ Inc  CBZ.N  reported quarterly adjusted earnings of
$1.53​​
per share for the quarter ended in March, higher than the same
quarter last year, when the company reported EPS of $1.44.  The
mean expectation of three analysts for the quarter was
for earnings of $1.50 per share. Wall Street expected results to
range from $1.46  to $1.57 per share.
    * Revenue rose 8.7% to $494.30 million from a year ago;
analysts
expected $490.88 million. 
    * CBIZ Inc's reported EPS for the quarter was $1.53​.
    * The company reported quarterly net income of $76.88
million.
    * CBIZ Inc shares had fallen by 0.2% this quarter and
gained 25.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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
$72.00 
This summary was machine generated from LSEG data April 25 at
08:46 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
 Mar. 31 2024      1.50           1.53           Beat
 Dec. 31 2023      -0.27          -0.26          Beat
 Sep. 30 2023      0.60           0.67           Beat
 Jun. 30 2023      0.66           0.53           Missed