CBIZ Affirms FY2024 Adj EPS Guidance to $2.64-2.69 vs $2.64 Est; Total revenue to grow within a range of 7% to 9% over the prior year.
Portfolio Pulse from Benzinga Newsdesk
CBIZ has reaffirmed its FY2024 adjusted EPS guidance at $2.64-2.69, aligning with analyst estimates. The company also expects total revenue growth of 7% to 9% over the prior year, maintaining its sales outlook at $1.70 billion-1.73 billion, which is below the $2.13 billion estimate.
October 29, 2024 | 11:38 am
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CBIZ reaffirmed its FY2024 adjusted EPS guidance at $2.64-2.69, in line with analyst estimates. The company expects revenue growth of 7% to 9%, but its sales outlook of $1.70 billion-1.73 billion is below the $2.13 billion estimate.
CBIZ's reaffirmation of its EPS guidance aligns with analyst expectations, which is neutral for the stock. However, the sales outlook is significantly below estimates, which could be a concern for investors. The expected revenue growth of 7% to 9% is positive, but the lower sales outlook may offset this, leading to a neutral short-term impact.
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