NYSE$CBZ

Cbiz Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

CBIZ's financial performance for the first quarter of 2020 was reported, showing revenue growth and strategic investments yielding benefits, but the COVID-19 pandemic began impacting results in late March.

CBIZ reported a revenue increase of 2.8% to $277.5 million for the first quarter of 2020. EPS was $0.66, slightly lower than the prior year's $0.67. The company withdrew its 2020 guidance due to the uncertainty caused by the COVID-19 pandemic.

  • Total revenue increased by 2.8%.
  • Same-unit revenue increased by 0.9%.
  • EPS was $0.66, compared to $0.67 in the prior-year first quarter.
  • Adjusted EBITDA was $57.0 million, slightly down from $57.7 million in the prior-year first quarter.

Headline financials

Total Revenue

$277M

Previous: $270M+2.8%
EPS (adj)

$0.66

Previous: $0.67-1.5%
Capital Expenditures

-$2.64M

Previous: -$5.45M+51.6%
Free Cash Flow

$34.2M

Previous: $32M+6.8%
Net Income

$36.8M

Previous: $37.5M-1.7%
Operating Income

$67.1M

Previous: $42.8M+56.8%
Gross Profit

$77.6M

Previous: $54.5M+42.4%
Cash & Equivalents

$217M

Previous: $2.14M+10023.3%
Total Assets

$1.62B

Previous: $1.38B+17.4%
Stock-Based Comp

$2.02M

Previous: $1.48M+36.5%

Revenue & EPS history

CBIZ · Revenue · Quarterly

$277M

Q1 2020+2.8%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

CBIZ · $277M total across 3 segments · Q1 2020

  • Financial Services
    $189M+2.0%
  • Benefits and Insurance
    $79.6M+4.4%
  • National Practices
    $9.07M+5.4%

Forward guidance

Given the uncertainty in the business environment created by the evolving COVID-19 situation and uncertain impact on full year 2020 results, the Company is withdrawing its 2020 guidance, which was provided on February 20, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.3%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+16.7%

Q4 2025

Best reaction

-15.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.0%-5.6%-0.5%
Q4 2025+16.7%+9.5%-4.2%
Q3 2025+3.0%+7.3%-5.1%
Q1 2025-14.0%-13.0%-6.9%
Q4 2024-5.2%-10.0%-12.1%
Q3 2024+6.0%+4.2%+23.3%
Q2 2024-15.1%-19.4%-14.4%
Q1 2024-7.1%-9.1%+0.8%
Q4 2023+10.5%+11.8%+16.1%
Q3 2023-1.3%+2.3%+14.8%
Q2 2023-2.2%+1.4%+2.2%
Q1 2023+3.0%+0.1%-2.0%
Q4 2022+4.5%+3.2%-1.5%
Q3 2022+6.0%+3.5%+5.6%
Q2 2022+5.0%+3.5%+3.0%
Q1 2022+1.9%-2.2%+0.4%
Q4 2021-4.7%-5.1%+3.3%
Q3 2021+3.2%+6.0%+6.1%
Q2 2021+3.6%+4.5%+8.6%
Q1 2021+1.6%+3.7%+0.5%
Q4 2020+3.7%+6.7%+14.0%
Q3 2020+1.3%+5.9%+11.4%
Q2 2020+6.0%+6.5%+7.7%
Q1 2020-4.2%-3.2%+16.2%
Q4 2019-2.0%-3.4%-39.1%
Q3 2019+7.8%+5.9%+5.8%
Q2 2019+0.6%-0.7%-2.8%
Q1 2019-5.5%-6.1%-3.7%
Q4 2018-0.5%+2.2%-2.8%
Q3 2018-3.6%-3.2%-7.5%
Q2 2018-1.6%-0.7%+8.9%
Q1 2018+1.9%+3.0%+13.7%
Q4 2017+9.8%+13.5%+17.5%
Q3 2017-11.0%-10.1%-11.6%
Q2 2017+0.7%-1.0%+2.7%
Q1 2017+3.6%+2.6%-1.3%
Q4 2016+1.9%+2.3%+6.0%
Q3 2016+0.9%-1.4%+11.3%
Q2 2016+1.0%+3.3%+3.0%
Q1 2016+2.7%
Q4 2015-1.1%
Q3 2015-1.5%
Q2 2015+1.7%
Q1 2015-1.8%
Q4 2014-0.4%
Q3 2014+9.2%
Q2 2014-2.2%
Q1 2014-3.3%
Q4 2013+3.8%
Q3 2013+6.0%
Q2 2013-3.8%
Q1 2013+0.5%
Q4 2012+0.3%
Q3 2012-5.2%
Q2 2012-10.6%
Q1 2011+1.1%
Q1 2012+1.7%
Q4 2009+1.1%
Q4 2011+1.1%
Q3 2010-4.8%
Q3 2011-4.8%
Q2 2011-0.8%
Q4 2010-0.8%
Q2 2010-0.8%
Q1 2010+3.0%

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