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CBIZ (CBZ)
NYSE:CBZ
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.33Last Year’s EPS
-$0.26Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 20.30%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant revenue and earnings per share growth. The acquisition of Marcum is expected to provide substantial future benefits. However, there are some concerns about bad debt expense and macroeconomic uncertainties.Company Guidance
During the CBIZ Q3 2024 earnings call, the company provided robust guidance, reaffirming their full-year expectations despite some headwinds earlier in the year. Total revenue increased by 6.9% in the third quarter and 7.1% over the first nine months, with notable growth within their Financial Services and Benefits and Insurance divisions. The company reported a 27% increase in adjusted earnings per share for the quarter, reaching $0.84, and expects full-year 2024 adjusted earnings per share to grow by 10% to 12% over the previous year's $2.41. CBIZ also highlighted the significant progress in their acquisition of Marcum, anticipating the close of this transaction in the fourth quarter, which is expected to enhance their market position and service offerings. The company has a strong operating cash flow and leverage ratio against EBITDA at 1.5x as of the end of Q3, with plans for rapid deleveraging post-acquisition. They also anticipate a 7% to 9% increase in total revenue for the full year, excluding any impact from the Marcum acquisition.Strong Revenue Growth
Total revenue for the third quarter increased by 6.9% and for the first 9 months by 7.1%. Financial Services revenue was up 8.0% for the quarter.
Significant Earnings Per Share Increase
Adjusted earnings per share for the third quarter increased by over 27% compared to the same period last year.
Health of Government Healthcare Consulting Business
The government healthcare consulting business continues to perform strongly, contributing significantly to growth.
Marcum Acquisition Progress
CBIZ is in the final stages of closing the acquisition of Marcum, which will create a company with revenues of approximately $2.8 billion and over 10,000 employees.
Strong Client Retention
Both CBIZ and Marcum have high client retention rates, indicating strong customer satisfaction.
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CBZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CBZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $66.86 | $71.07 | +6.30% |
| Jul 31, 2024 | $86.02 | $69.40 | -19.32% |
| Apr 25, 2024 | $78.33 | $75.53 | -3.57% |
| Feb 15, 2024 | $64.73 | $70.35 | +8.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CBIZ (CBZ) report earnings?
CBIZ (CBZ) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is CBIZ (CBZ) earnings time?
CBIZ (CBZ) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBZ EPS forecast?
CBZ EPS forecast for the fiscal quarter 2024 (Q4) is -$0.33.
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