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CBIZ (CBZ) Reports Q1: Everything You Need To Know Ahead Of Earnings

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Financial services provider CBIZ (NYSE: CBZ) will be reporting earnings this Wednesday after the bell. Here’s what investors should know.

CBIZ missed analysts’ revenue expectations last quarter, reporting revenues of $542.7 million, up 17.9% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.

Is CBIZ a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting CBIZ’s revenue to grow 1.8% year on year, slowing from the 69.5% increase it recorded in the same quarter last year.

CBIZ Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at CBIZ’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Concentrix delivered year-on-year revenue growth of 5.4%, meeting analysts’ expectations, and Kforce reported flat revenue, in line with consensus estimates. Concentrix traded down 25.3% following the results.

Read our full analysis of Concentrix’s results here and Kforce’s results here.

There has been positive sentiment among investors in the professional services segment, with share prices up 13.1% on average over the last month. CBIZ is up 13.6% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $30.67).

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