CCC Intelligent Solutions Holdings Inc expected to post earnings of 8 cents a share - Earnings Preview

CCC Intelligent Solutions Holdings

26/04/2024 22:26

* CCC Intelligent Solutions Holdings Inc  CCCS.OQ 
 CCCS.O  is
expected to show a rise in quarterly revenue when it reports 
results on April 30 for the period ending March 31 2024
    * The Chicago Illinois-based  company is expected to report
a
10.0% increase in revenue to $225.511 million from $204.92
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on February
28 2024, for the period ended March 31, was for revenue between
$224.50 million and $226.00 million.
    * ​LSEG's mean analyst estimate for CCC Intelligent
Solutions
Holdings Inc is for earnings of 8 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months. ​
    * Wall Street's median 12-month price target for CCC
Intelligent
Solutions Holdings Inc is $14.00​, above​ its last closing price
of $11.50. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD224.5 million and USD92 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.08        0.08       0.09      Beat    6
 Sep. 30 2023  0.08        0.08       0.09      Beat    15.1
 Jun. 30 2023  0.06        0.07       0.07      Met     4.5​
 Mar. 31 2023  0.07        0.07       0.07      Met     0.6
 ​​Dec.        0.07        0.07       0.07      Met     -0.9
 31 2022                                                
 Sep. 30 2022  0.07        0.07       0.07      Met     -4.3​
 Jun. 30 2022  0.07        0.07       0.05      Missed  -29
 Mar. 31 2022  0.07        0.07       0.08      Beat    13.5
 This summary was machine generated April 26 at 21:26 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)