CBIZ (CBZ) Q1 Earnings: What To Expect

StockStory
04-23
CBIZ (CBZ) Q1 Earnings: What To Expect

Financial services provider CBIZ (NYSE:CBZ) will be reporting results tomorrow before market hours. Here’s what investors should know.

CBIZ missed analysts’ revenue expectations by 11.1% last quarter, reporting revenues of $460.3 million, up 40.5% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.

Is CBIZ a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting CBIZ’s revenue to grow 74% year on year to $860.2 million, improving from the 8.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.11 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CBIZ has missed Wall Street’s revenue estimates three times over the last two years.

Looking at CBIZ’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Concentrix’s revenues decreased 1.3% year on year, meeting analysts’ expectations, and ManpowerGroup reported a revenue decline of 7.1%, topping estimates by 2.9%. Concentrix traded up 42.3% following the results while ManpowerGroup was down 19.2%.

Read our full analysis of Concentrix’s results here and ManpowerGroup’s results here.

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