CBIZ (NYSE:CBZ) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

CBIZ beat estimated earnings by 10.0%, reporting an EPS of $1.1 versus an estimate of $1.0.

Revenue was up $90.99 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.1 which was followed by a 1.38% drop in the share price the next day.

Here's a look at CBIZ's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

CBIZ management provided guidance for FY 2022, expecting earnings between $1.99 and $2.03 per share.

To track all earnings releases for CBIZ visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.