Cbiz Inc Reports Results For The Quarter Ended In September 30: Earnings Summary

CBIZ

29/10/2024 14:19

* CBIZ Inc  CBZ.N  reported quarterly adjusted earnings of
84
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of three analysts for the
quarter was for earnings of 76 cents per share. Wall Street
expected results to range from 75 cents to 76 cents per share.
    * Revenue rose 6.9% to $438.88 million from a year ago;
analysts
expected $441.70 million. 
    * CBIZ Inc's reported EPS for the quarter was 70 cents​.
    * The company reported quarterly net income of $35.08
million.
    * CBIZ Inc shares had fallen by 0.6% this quarter and
gained 6.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "strong buy"

Wall Street's median 12-month price target for CBIZ Inc is 83.00
This summary was machine generated from LSEG data October 29 at
02:19 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
 Sep. 30 2024                     0.84           
 Jun. 30 2024      0.68           0.39           Missed
 Mar. 31 2024      1.50           1.53           Beat
 Dec. 31 2023      -0.27          -0.26          Beat