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

CCC Intelligent Solutions Holdings

27/07/2024 24:29

* CCC Intelligent Solutions Holdings Inc  CCCS.OQ 
 CCCS.O  is
expected to show a rise in quarterly revenue when it reports 
results on July 30 for the period ending June 30 2024
    * The Chicago Illinois-based  company is expected to report
a
8.7% increase in revenue to $230.159 million from $211.71
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on April 30
2024, for the period ended June 30, was for revenue between
$228.50 million and $230.50 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 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged 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 $11.10. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD228.5 million and USD91 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  
 Mar. 31 2024  0.09        0.08       0.09      Beat    6.3
 Jan. 1 2024   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.        0.07        0.07       0.07      Met     0.6
 31 2023                                                
 Dec. 31 2022  0.07        0.07       0.07      Met     -0.9​
 Sep. 30 2022  0.07        0.07       0.07      Met     -4.3
 Jun. 30 2022  0.07        0.07       0.05      Missed  -29
 This summary was machine generated July 26 at 23:29 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)