- CBIZ press release ( NYSE: CBZ ): Q4 Non-GAAP EPS of -$0.21 in-line.
- Revenue of $295M (+21.5% Y/Y) beats by $13.44M .
- SAME-UNIT REVENUE UP 10.1%
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2023 Outlook
- The Company expects revenue to grow within a range of 8% to 10% over the prior year vs. 5.08% consensus.
- The Company expects an effective tax rate of approximately 28%. The increased rate, up from 25.5% in 2022, will impact diluted earnings per share by approximately $0.08.
- The Company expects a weighted average fully diluted share count of approximately 51.0 to 51.5 million shares.
- The Company expects GAAP fully diluted earnings per share from continuing operations to grow within a range of 15% to 17%, to $2.31 to $2.36 per share over the $2.01 per share reported for 2022.
- The Company expects Adjusted fully diluted earnings per share from continuing operations to grow within a range of 11% to 13% vs. 13.61% consensus, to $2.36 to $2.41 per share ($2.39 consensus) over the Adjusted earnings per share of $2.13 per share reported for 2022.
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CBIZ Non-GAAP EPS of -$0.21 in-line, revenue of $295M beats by $13.44M