Consensus Cloud Solutions Inc reports results for the quarter ended in September 30 - Earnings Summary

Consensus Cloud Solutions

08/11/2024 05:15

* Consensus Cloud Solutions Inc  CCSI.OQ  reported quarterly
adjusted earnings of $1.31​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $1.51.  The mean expectation of
five analysts for the quarter was for earnings of $1.29 per
share. Wall Street expected results to range from $1.25 
to $1.36 per share.
    * Revenue fell 3.1% to $87.75 million from a year ago;
analysts
expected $85.33 million. 
    * Consensus Cloud Solutions Inc's reported EPS for the
quarter was
$1.09​.
    * The company reported quarterly net income of $21.12
million.
    * Consensus Cloud Solutions Inc shares had risen by 10.7%
this
quarter and lost 0.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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," no
"hold" and 2 "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 Consensus Cloud
Solutions Inc is 27.00 
This summary was machine generated from LSEG data November 8 at
05:15 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
 Sep. 30 2024      1.29           1.31           Beat
 Jun. 30 2024      1.32           1.45           Beat
 Mar. 31 2024      1.27           1.55           Beat
 Dec. 31 2023      1.20           1.11           Missed