Recap: CBIZ Q1 Earnings

CBIZ 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.

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.

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).

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.

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