CBIZ Inc reports results for the quarter ended June 30 - Earnings Summary

• CBIZ Inc CBZ.N reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of three analysts for the quarter was for earnings of 84 cents per share. Wall Street expected results to range from 82 cents to 87 cents per share.

• Revenue rose 62.7% to $683.50 million from a year ago; analysts expected $701.43 million.

• CBIZ Inc's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of $41.94 million.

• CBIZ Inc shares had risen by 5.6% this quarter and lost 7.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for CBIZ Inc is $95.00, about 19.8% above its last closing price of $76.15

This summary was machine generated from LSEG data July 30 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)