CCC Intelligent Solutions Holdings Inc reports results for the quarter ended in March - Earnings Summary
30/04/2024 23:29
* CCC Intelligent Solutions Holdings Inc CCCS.OQ reported
quarterly adjusted earnings of 9 cents per share for the
quarter ended in March, higher than the same quarter last year,
when the company reported EPS of 7 cents. The mean expectation
of twelve analysts for the quarter was for earnings of 8 cents
per share. Wall Street expected results to range from 8 cents
to 9 cents per share.
* Revenue rose 10.9% to $227.24 million from a year ago;
analysts
expected $225.51 million.
* CCC Intelligent Solutions Holdings Inc's reported EPS for
the
quarter was breakeven results.
* The company reported a quarterly loss of $1.74 million.
* CCC Intelligent Solutions Holdings Inc shares had fallen
by 4.2%
this quarter and gained 0.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the software peer
group
is also "buy"
Wall Street's median 12-month price target for CCC Intelligent
Solutions Holdings Inc is $14.00
This summary was machine generated from LSEG data April 30 at
10:29 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.08 0.09 Beat
Dec. 31 2023 0.08 0.09 Beat
Sep. 30 2023 0.08 0.09 Beat
Jun. 30 2023 0.07 0.07 Met