CBIZ’s Strong Performance and Strategic Management Justify Buy Rating Despite Revenue Shortfall

William Blair analyst Andrew Nicholas has maintained their bullish stance on CBZ stock, giving a Buy rating on April 22.

Andrew Nicholas has given his Buy rating due to a combination of factors, including CBIZ’s strong adjusted EBITDA margin and EPS performance, which exceeded expectations despite a revenue shortfall. The integration of Marcum is progressing well, and the focus is on the company’s organic growth, which is expected to provide more insights during upcoming discussions.
Management’s decision to maintain the full-year EPS outlook, despite lowering the revenue guidance, demonstrates their ability to manage costs effectively and adapt to economic uncertainties. The company’s disciplined expense management and variable cost structure are seen as positive indicators for future performance, supporting the Buy rating.

According to TipRanks, Nicholas is a 2-star analyst with an average return of -2.2% and a 47.62% success rate. Nicholas covers the Industrials sector, focusing on stocks such as CBIZ, Huron Consulting, and Paychex.

In another report released on April 22, Sidoti also maintained a Buy rating on the stock with a $102.00 price target.