CBIZ, Inc. (CBZ) Tops Q1 EPS by 2c

CBIZ, Inc. (NYSE: CBZ) reported Q1 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $241.5 million versus the consensus estimate of $241.95 million.

• REVENUE +7.7%
• SAME-UNIT REVENUE +2.1%
• INCOME FROM CONTINUING OPERATIONS +14.8%
• EPS FROM CONTINUING OPERATIONS +9.8%

Grisko added, "For the full year we continue to expect total revenue growth within a range of 6% to 8% and income from continuing operations to grow within a range of 12% to 14%. Fully diluted weighted average share count is expected to increase to approximately 55.5 million shares in 2017, and as a result, earnings per diluted share is expected to increase within a range of 8% to 10% over the $0.76 reported for 2016."

For earnings history and earnings-related data on CBIZ, Inc. (CBZ) click here.

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