CBIZ, Inc. (CBZ) Tops Q4 EPS by 3c, Beats on Revenues

CBIZ, Inc. (NYSE: CBZ) reported Q4 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $195.1 million versus the consensus estimate of $191.4 million.

• Eliminating the $2.5 million impact of the Tax Reform Act, diluted earnings per share from continuing operations were $0.04 in the fourth quarter of 2017.
• For the 2017 fourth quarter, CBIZ reported revenue of $195.1 million, an increase of $16.3 million, or 9.1%, over the $178.8 million reported in 2016.

2018 Outlook

The Company expects growth in total revenue within a range of 5% to 8%.

• The Company expects to report an effective tax rate of approximately 25% as a result of the Tax Reform Act, although a number of factors may impact the tax rate. The Company expects a weighted average fully diluted share count of approximately 56.0 million shares for full-year 2018.
• The Company expects to achieve growth in fully diluted earnings per share within a range of 13% to 17% over the $0.92 reported for 2017. Adjusted for the one-time 2017 impact of the Tax Reform Act, the Company expects to achieve growth within a range of 20% to 24% over the adjusted $0.87 reported for 2017

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

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