CBIZ, Inc. (CBZ) Misses Q4 EPS by 9c, Offers FY22 Guidance

CBIZ, Inc. (NYSE: CBZ) reported Q4 EPS of ($0.19), $0.09 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $242.8 million versus the consensus estimate of $232.75 million.

GUIDANCE:

CBIZ, Inc. sees FY2022 EPS of $1.99-$2.03, versus the consensus of $1.94.

• The Company expects revenue to grow within a range of 19% to 21% 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 53.0 to 53.5 million shares.
• The Company expects GAAP fully diluted earnings per share from continuing operations to grow within a range of 43% to 46%, to $1.89 to $1.93 per share over the $1.32 per share reported for 2021.
• The Company expects adjusted fully diluted earnings per share from continuing operations to grow within a range of 20% to 22%, to $1.99 to $2.03 per share over the adjusted $1.66 per share reported for 2021.

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

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