CCC Intelligent Q2 revenue slightly beats estimates
CCC Intelligent Q2 revenue slightly beats estimates
Overview
US SaaS and AI platform's Q2 revenue rose 10%, slightly beating analyst expectations
Adjusted EPS for Q2 met analyst expectations
Company cited growing adoption of AI-enabled solutions by top insurers and repair operators
Outlook
CCC sees Q3 revenue between $289.5 mln and $291.5 mln
Company expects full-year 2026 revenue of $1.158 bln to $1.164 bln
CCC projects full-year 2026 adjusted EBITDA of $485 mln to $491 mln
Result Drivers
AI ADOPTION BY INSURERS - Co said large insurers expanded use of its AI-based claims routing and subrogation solutions, citing operational and financial benefits
REPAIR OPERATOR EXPANSION - Co said large multi-store repair operators renewed and expanded use of its Mobile Jumpstart AI estimating solution, driving double-digit increases in participating facilities and estimates initiated
CUSTOMER DEMAND FOR CONNECTIVITY - Co said increasing complexity in the insurance economy is driving demand for its platform to connect participants and improve decision-making
Company press release: ID:nGNX5GTPT4
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Beat* | $285.90 mln | $284.19 mln (8 Analysts) |
Q2 Adjusted EPS | Meet | $0.10 | $0.10 (10 Analysts) |
Q2 Net Income |
| $20.80 mln |
|
Q2 Adjusted EBITDA | Beat | $115.50 mln | $112.15 mln (7 Analysts) |
Q2 Adjusted Operating Income | Beat | $101.60 mln | $96.75 mln (6 Analysts) |
Q2 Adjusted Gross Margin |
| 76.00% |
|
Q2 Adjusted Gross Profit |
| $217.30 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for CCC Intelligent Solutions Holdings Inc is $9.00, about 48.8% above its July 29 closing price of $6.05
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)