Consensus Cloud Solutions Inc reports results for the quarter ended in December - Earnings Summary

Consensus Cloud Solutions

23/02/2024 03:01

* Consensus Cloud Solutions Inc  CCSI.OQ  reported quarterly
adjusted earnings of $1.11​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.13.  The mean expectation of
six analysts for the quarter was for earnings of $1.20 per
share. Wall Street expected results to range from $1.16 
to $1.37 per share.
    * Revenue fell 2.7% to $87.75 million from a year ago;
analysts
expected $88.86 million. 
    * Consensus Cloud Solutions Inc's reported EPS for the
quarter was
87 cents​.
    * The company reported quarterly net income of $16.77
million.
    * Consensus Cloud Solutions Inc shares had fallen by 30.2%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
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 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Consensus Cloud
Solutions Inc is $28.00 
This summary was machine generated from LSEG data February 23 at
03:00 a.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
 Dec. 31 2023      1.20           1.11           Missed
 Sep. 30 2023      1.30           1.51           Beat
 Jun. 30 2023      1.25           1.36           Beat
 Mar. 31 2023      1.18           1.10           Missed