Procore signs multi-year strategic collaboration agreement with AWS
CBIZ Inc (NYSE:CBZ). shares have reached an unprecedented peak, touching an all-time high of $89.57. With a market capitalization of $4.48 billion and an overall "GOOD" financial health rating according to InvestingPro, the company continues to draw investor attention. This milestone underscores the company’s robust performance over the past year, which has seen the stock climb significantly. Investors have been closely monitoring CBIZ’s trajectory, as the firm’s shares have soared, delivering a 12.78% return over the past year, supported by steady revenue growth of 7.83%. While trading at a relatively high P/E ratio of 35.77, analysts maintain optimistic price targets ranging from $95 to $99. This impressive growth has not only rewarded long-term shareholders but also attracted new investors looking for strong returns in a market that continues to present various challenges. The all-time high represents a key moment for CBIZ, marking a period of sustained success and optimism about the company’s future prospects. For deeper insights into CBIZ’s valuation and growth potential, including 14 additional ProTips and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, CBIZ Inc. reported fourth-quarter results that exceeded expectations, marking a significant development for the company. The firm posted an adjusted Q4 earnings per share of -$0.20, surpassing the analyst consensus of -$0.22. Revenue for the quarter surged by 40.5% year-over-year to $460.28 million, significantly higher than the projected $353 million. This increase was largely driven by the acquisition of Marcum LLP, which closed on November 1, 2024, contributing 33.2% to the revenue growth. Excluding Marcum, CBIZ’s same-unit revenue rose by 6.4%.
For the full year of 2025, CBIZ forecasts adjusted earnings per share of $3.60 to $3.65, which is above the $3.10 consensus. The company also expects revenue to reach between $2.90 billion and $2.95 billion, slightly below analysts’ projection of $3.05 billion. CBIZ President and CEO Jerry Grisko highlighted the successful integration of Marcum LLP as a key factor in maintaining the company’s growth momentum into 2025. These recent developments reflect CBIZ’s strategic efforts to strengthen its market position.
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