NYSE$CBZ

Cbiz Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

CBIZ's third-quarter earnings were announced, demonstrating resilience with improved profitability.

CBIZ reported a slight decrease in total revenue but an increase in EPS and adjusted EBITDA for the third quarter of 2020. The company's resilience and value to clients contributed to improved profitability, with growth in income from continuing operations and earnings per share.

  • Total revenue decreased by 0.6%.
  • Same-unit revenue decreased by 2.0%.
  • EPS from continuing operations increased by 12.5%.
  • Adjusted EBITDA increased by 8.3%.

Headline financials

Total Revenue

$238M

Previous: $240M-0.6%
EPS (adj)

$0.36

Previous: $0.32+12.5%
Capital Expenditures

-$9.49M

Previous: -$10.3M+7.7%
Free Cash Flow

$10.6M

Previous: $7.53M+40.7%
Net Income

$20.1M

Previous: $17.8M+12.8%
Operating Income

$22.3M

Previous: $19M+17.5%
Gross Profit

$33.6M

Previous: $30.6M+9.7%
Cash & Equivalents

$6.11M

Previous: $2.72M+124.5%
Total Assets

$1.43B

Previous: $1.4B+2.0%
Stock-Based Comp

$2.49M

Previous: $1.86M+33.7%

Revenue & EPS history

CBIZ · Revenue · Quarterly

$238M

Q3 2020-0.6%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

CBIZ · $238M total across 3 segments · Q3 2020

  • Financial Services
    $155M+1.1%
  • Benefits and Insurance
    $73.9M-4.0%
  • National Practices
    $9.01M-0.3%

Forward guidance

CBIZ anticipates continued steady demand for its services as clients navigate ongoing uncertainty. The company began 2020 with a full pipeline of acquisition candidates and is now experiencing renewed interest.

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 Q3 2020

Historical avgQ3 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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