A Glimpse of CBIZ's Earnings Potential

CBIZ (NYSE:CBZ) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.

Analysts estimate that CBIZ will report an earnings per share (EPS) of $0.76.

The announcement from CBIZ is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Past Earnings Performance

Last quarter the company missed EPS by $0.18, which was followed by a 5.26% increase in the share price the next day.

Here's a look at CBIZ's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.68

1.50

-0.28

0.59

EPS Actual

0.50

1.54

-0.26

0.66

Price Change %

5.0%

-4.0%

2.0%

-1.0%

Stock Performance

Shares of CBIZ were trading at $66.39 as of October 25. Over the last 52-week period, shares are up 28.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about CBIZ

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on CBIZ.

The consensus rating for CBIZ is Buy, derived from 1 analyst ratings. An average one-year price target of $86.0 implies a potential 29.54% upside.

Peer ...