CBIZ Inc reports results for the quarter ended December 31 - Earnings Summary

• CBIZ Inc CBZ.N reported quarterly adjusted earnings of $1.01​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of three analysts for the quarter was for a loss of 66 cents per share. Wall Street expected results to range from 86 cents to 94 cents per share.

• Revenue rose 50.7% to $693.82 million from a year ago; analysts expected $578.03 million.

• CBIZ Inc's reported EPS for the quarter was a loss of $1.28​.

• The company reported quarterly net income of $30.15 million.

• CBIZ Inc shares had fallen by 44.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

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 $67.50, about 59.6% above its last closing price of $27.28

This summary was machine generated from LSEG data February 25 at 11:24 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)