CBIZ (NYS: CBZ) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), CBIZ met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted.
Margins contracted across the board.
CBIZ reported revenue of $188.6 million. The three analysts polled by S&P Capital IQ predicted a top line of $188.8 million on the same basis. GAAP reported sales were 2.8% higher than the prior-year quarter's $183.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.12. The three earnings estimates compiled by S&P Capital IQ anticipated $0.15 per share. GAAP EPS of $0.12 for Q2 were 7.7% lower than the prior-year quarter's $0.13 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 11.6%, 100 basis points worse than the prior-year quarter. Operating margin was 7.6%, 130 basis points worse than the prior-year quarter. Net margin was 3.1%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $182.7 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $759.8 million. The average EPS estimate is $0.59.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 106 members out of 113 rating the stock outperform, and seven members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give CBIZ a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBIZ is outperform, with an average price target of $8.17.
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The article CBIZ Meets on the Top Line, Misses Where it Counts originally appeared on Fool.com.
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