Consensus Cloud Solutions (CCSI) Scheduled to Post Earnings on Wednesday

Posted by MarketBeat News on May 7th, 2024

Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Consensus Cloud Solutions has set its FY 2024 guidance at 5.080-5.310 EPS and its Q1 2024 guidance at 1.270-1.330 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.90 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.90. Consensus Cloud Solutions had a net margin of 21.32% and a negative return on equity of 40.27%. The firm had revenue of $87.75 million for the quarter, compared to analyst estimates of $89.05 million. On average, analysts expect Consensus Cloud Solutions to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Consensus Cloud Solutions Trading Up 3.8 %

NASDAQ:CCSI opened at $12.67 on Tuesday. The stock has a 50 day moving average of $13.85 and a two-hundred day moving average of $19.01. Consensus Cloud Solutions has a 12 month low of $11.62 and a 12 month high of $38.11. The firm has a market cap of $243.52 million, a P/E ratio of 3.22 and a beta of 1.07.

Analysts Set New Price Targets

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A number of equities analysts have commented on the company. BTIG Research assumed coverage on Consensus Cloud Solutions in a report on Friday, January 26th. They set a “neutral” rating for the company. Citigroup cut Consensus Cloud Solutions from a “neutral” rating to a “sell” rating and reduced their target price for the company from $25.00 to $20.00 in a report on Tuesday, January 9th.

Check Out Our Latest Stock Analysis on CCSI

Consensus Cloud Solutions Company Profile

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Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.