CCC Intelligent Solutions Holdings Inc CCCS.OQ reported quarterly adjusted earnings of 9 cents per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of eleven 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 12% to $260.45 million from a year ago; analysts expected $256.33 million.
CCC Intelligent Solutions Holdings Inc's reported EPS for the quarter was 2 cents.
The company reported quarterly net income of $12.96 million.
CCC Intelligent Solutions Holdings Inc shares had risen by 3.9% this quarter and lost 16.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.8% 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 10 "strong buy" or "buy," 2 "hold" and 1 "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 $12.00, about 18.5% above its last closing price of $9.78
This summary was machine generated from LSEG data July 31 at 09:00 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)