CBIZ (NYSE:CBZ – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.700-2.750 for the period, compared to the consensus earnings per share estimate of 2.720. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.
Analyst Ratings Changes
Separately, Sidoti lowered shares of CBIZ from a buy rating to a neutral rating and set a $63.00 price target on the stock. in a report on Tuesday, January 2nd.
CBIZ Trading Up 0.3 %
CBIZ (NYSE:CBZ – Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.01. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. The business had revenue of $327.50 million during the quarter, compared to the consensus estimate of $308.87 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that CBIZ will post 2.74 earnings per share for the current year.
About CBIZ
CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.
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