CBIZ, Inc. (CBZ) Tops Q2 EPS by 15c; Raises Outlook

CBIZ, Inc. (NYSE: CBZ) reported Q2 EPS of $0.63, $0.15 better than the analyst estimate of $0.48. Revenue for the quarter came in at $362 million versus the consensus estimate of $329.26 million.

GUIDANCE:

• The Company increased its revenue growth expectations to within a range of 23% to 25% over the prior year, up from previous guidance of 19% to 21% in revenue growth.
• Although multiple 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 52.5 million to 53.0 million shares.
• On a GAAP basis, the Company expects full-year fully diluted earnings per share from continuing operations to grow within a range of 45% to 48% per share, over the $1.32 per share reported in 2021, up from previous guidance of 43% to 46% per share.
• The Company expects Adjusted fully diluted earnings per share from continuing operations to grow within a range of 25% to 27% over the Adjusted $1.66 reported for 2021, up from previous guidance of a 20% to 22% increase per share.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Reading (RDI) Tops Q2 EPS by 4c
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c