Overview
Professional services advisor's Q4 revenue missed analyst expectations
Full-year revenue rose 52% to $2.8 bln, driven by acquisitions
Company authorized repurchase of an additional 5 mln shares in February
Outlook
CBIZ expects 2026 revenue growth of 2% to 5%
Company projects 2026 adjusted EPS of $3.75 to $3.85
CBIZ forecasts 2026 free cash flow of $270 mln to $290 mln
Result Drivers
ACQUISITION IMPACT - Revenue and EPS growth attributed to Marcum integration and acquisition
STRATEGIC INITIATIVES - Offshoring and AI investments transformed cost structure
Company press release: ID:nGNXbqTLgR
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $542.66 mln | $578.03 mln (3 Analysts) |
Q4 Adjusted EPS | Miss | -$0.70 | -$0.66 (3 Analysts) |
Q4 Net Income | -$79.42 mln | ||
Q4 Adjusted EBITDA | -$28.70 mln | ||
Q4 Operating Expenses | $593.41 mln | ||
Q4 Operating Income | -$85.16 mln |
Analyst Coverage
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 "buy"
Wall Street's median 12-month price target for CBIZ Inc is $67.50, about 143% above its February 24 closing price of $27.78
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 14 three months ago
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.)
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