Constellation Software Inc reports results for the quarter ended in June - Earnings Summary

Constellation Software

10/08/2024 02:24

* Constellation Software Inc  CSU.TO  reported quarterly
adjusted
earnings of $17.89​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $10.14.  The mean expectation of eight analysts
for the quarter was for earnings of $19.39 per share. Wall
Street expected results to range from $16.78  to $21.15 per
share.
    * Revenue rose 21% to $2.47 billion from a year ago;
analysts
expected $2.48 billion. 
    * Constellation Software Inc's reported EPS for the quarter
was
$8.35​.
    * The company reported quarterly net income of $177 million.
    * Constellation Software Inc shares had risen by 3.1% this
quarter and gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 7 "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 Constellation
Software Inc is C$4,200.00 
This summary was machine generated from LSEG data August 10 at
01:24 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
 Jun. 30 2024      19.39          17.89          Missed
 Mar. 31 2024      17.62          15.67          Missed
 Dec. 31 2023      18.75          15.50          Missed
 Sep. 30 2023      15.11          17.73          Beat