CBIZ Earnings: Everything You Must Know Now

CBIZ, Inc. (NYSE:CBZ) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

CBIZ, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 108.33% to $0.25 in the quarter versus EPS of $0.12 in the year-earlier quarter.

Revenue: Decreased 8.54% to $172.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CBIZ, Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.15. It missed the average revenue estimate of $204.25 million.

Quoting Management: Steven L. Gerard, CBIZ Chairman and CEO stated, “We are very pleased with our first half results, and the improvement in organic revenue growth in our core Financial and Employee Services continues to reflect positive trends through the second quarter. The acquisitions we made in 2012 continue to perform well, and we are happy to leverage our revenue growth into a higher rate of growth in earnings.”

Key Stats (on next page)…

Revenue decreased 26.53% from $234.78 million in the previous quarter. EPS decreased 32.43% from $0.37 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.12 and has not changed. For the current year, the average estimate is a profit of $0.65, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)