CBIZ, Inc. (CBZ) Tops Q4 EPS by 3c, Offers Outlook

CBIZ, Inc. (NYSE: CBZ) reported Q4 EPS of $0.00, $0.03 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $211.1 million versus the consensus estimate of $204.63 million.

2021 Outlook

Given our fourth-quarter and full-year 2020 results, the Company is restoring full-year guidance for 2021:

• The Company expects total growth in revenue within a range of 5% to 8% over the prior year.
• Although a number of factors may impact the tax rate, the Company expects an effective tax rate of approximately 25%.
• The Company expects a weighted average fully diluted share count of approximately 54.5 million shares.
• The Company expects to grow fully diluted earnings per share within a range of 8% to 12% over the prior year.

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

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