Consensus Cloud Solutions Inc expected to post earnings of $1.27 a share - Earnings Preview

Consensus Cloud Solutions

07/05/2024 03:56

* Consensus Cloud Solutions Inc  CCSI.OQ   CCSI.O  is
expected
to show a fall in quarterly revenue when it reports  results on
May 8 for the period ending March 31 2024
    * The Los Angeles California-based  company is expected to
report
a 5.2% decrease in revenue to $86.727 million from $91.45
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
21 2024, for the period ended March 31, was for revenue between
$85.00 million and $89.00 million.
    * ​LSEG's mean analyst estimate for Consensus Cloud
Solutions Inc
is for earnings of $1.27 per share. The company's EPS guidance
on February 21 2024, for the period ended March 31, was between
$1.27 and $1.33 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "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 Consensus
Cloud
Solutions Inc is $29.00​, above​ its last closing price
of $12.67. ​​​

The company's guidance on February 21 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD85 million and USD48 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              1.20       1.11      Missed  -7.9
 Jan. 1 2023   1.30        1.30       1.51      Beat    16.6
 Jan. 1 0001   1.25                   1.36              8.9​
 Mar. 31 2023  1.19        1.18       1.10      Missed  -7
 ​​Dec.        1.14        1.13       1.13      Met     -0.3
 31 2022                                                
 Sep. 30 2022  1.34        1.35       1.52      Beat    12.3​
 Jan. 1 0001   1.33        1.32       1.45      Beat    9.6
 Jan. 1 0001   1.25        1.26       1.33      Beat    5.9
 This summary was machine generated May 7 at 02:55 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)