CBIZ (NYSE:CBZ) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
CBIZ beat estimated earnings by 10.0%, reporting an EPS of $1.1 versus an estimate of $1.0.
Revenue was up $90.99 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.1 which was followed by a 1.38% drop in the share price the next day.
Here's a look at CBIZ's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | 0.29 | 0.37 | 0.72 |
| EPS Actual | -0.19 | 0.41 | 0.50 | 0.92 |
| Revenue Estimate | 232.75M | 259.24M | 257.43M | 284.41M |
| Revenue Actual | 242.83M | 282.72M | 278.65M | 300.73M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
CBIZ management provided guidance for FY 2022, expecting earnings between $1.99 and $2.03 per share.
To track all earnings releases for CBIZ visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
