CBIZ Q2 Adj. EPS $0.50 Misses $0.68 Estimate, Sales $420.01M Miss $430.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
CBIZ (NYSE:CBZ) reported Q2 adjusted EPS of $0.50, missing the $0.68 estimate, and sales of $420.01M, missing the $430.38M estimate. EPS decreased by 9.09% YoY, while sales increased by 5.40% YoY.
July 31, 2024 | 11:09 am
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CBIZ reported Q2 adjusted EPS of $0.50, missing the $0.68 estimate by 26.47%. Sales were $420.01M, missing the $430.38M estimate by 2.41%. EPS decreased by 9.09% YoY, while sales increased by 5.40% YoY.
CBIZ's Q2 earnings and sales both missed analyst estimates, with a significant miss on EPS. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100