CBIZ Q2 Adj. EPS $0.55 Misses $0.65 Estimate, Sales $398.50M Beat $392.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
CBIZ (NYSE:CBZ) reported Q2 adjusted earnings of $0.55 per share, missing the analyst consensus estimate of $0.65 by 15.38%. This is a 12.7% decrease from the same period last year. However, the company reported quarterly sales of $398.50 million, beating the analyst consensus estimate of $392.36 million by 1.56%, a 10.10% increase from last year.
July 27, 2023 | 10:34 am
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CBIZ's Q2 earnings missed estimates but sales beat expectations. This mixed result could lead to uncertainty in the market.
CBIZ's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows strong demand for the company's services. The net impact could be neutral as the market weighs these factors.
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RELEVANCE 100