Consensus Cloud Solutions (NASDAQ:CCSI) Releases Q4 2024 Earnings Guidance

by · The Markets Daily

Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.140-1.240 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of $83.0 million-$87.0 million, compared to the consensus revenue estimate of $83.3 million. Consensus Cloud Solutions also updated its FY 2024 guidance to 5.450-5.550 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCSI. Wedbush lifted their price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday. BTIG Research raised shares of Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $19.00 to $21.00 in a report on Monday, September 9th. Finally, Oppenheimer upped their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Consensus Cloud Solutions has a consensus rating of “Hold” and a consensus price target of $26.00.

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Consensus Cloud Solutions Stock Down 3.9 %

Shares of Consensus Cloud Solutions stock traded down $1.03 on Friday, hitting $25.05. 176,109 shares of the company were exchanged, compared to its average volume of 127,914. The company has a 50-day moving average price of $22.43 and a 200 day moving average price of $19.87. The stock has a market capitalization of $483.47 million, a price-to-earnings ratio of 5.33 and a beta of 1.38. Consensus Cloud Solutions has a 1-year low of $11.62 and a 1-year high of $28.09.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. Consensus Cloud Solutions had a net margin of 25.72% and a negative return on equity of 57.77%. The business had revenue of $87.50 million during the quarter, compared to the consensus estimate of $87.10 million. Research analysts forecast that Consensus Cloud Solutions will post 4.86 EPS for the current year.

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.

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