CBIZ Q2 revenue misses estimates; to be acquired by Grant Thornton

CBIZ

29/07/2026 13:15

Overview
US professional services advisor's Q2 revenue declined and missed analyst expectations
Adjusted EPS for Q2 rose and beat analyst expectations
Company to be acquired by Grant Thornton in $5 bln all-cash deal

Outlook
CBIZ is withdrawing fiscal 2026 guidance and has suspended further updates due to the pending acquisition

Result Drivers
INVESTMENTS AND INTEGRATION - Co said it made significant investments in integrating Marcum, expanding AI capabilities, and enhancing its go-to-market approach
NEW BUSINESS MOMENTUM - Co cited new client wins and cross-serving across banking, construction, real estate, and food & beverage markets
GLOBAL DELIVERY EXPANSION - Acquisition of BINDZ added India-based professionals and a scalable global delivery platform, which co said unlocks margin expansion levers

Company press release: ID:nGNX2tmy9c

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$682.21 mln
$697.96 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.91
$0.80 (6 Analysts)
Q2 Net Income
 
$18.60 mln
 
Q2 Adjusted EBITDA
 
$103.15 mln
 
Q2 Operating Expenses
 
$609.77 mln
 
Q2 Operating Income
 
$34.07 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for CBIZ Inc is $45.00, about 3.6% below its July 28 closing price of $46.70
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 7 three months ago

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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.)