Consensus Cloud Solutions (NASDAQ:CCSI) Updates Q2 2024 Earnings Guidance

Consensus Cloud Solutions (NASDAQ:CCSI) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.300-1.360 for the period, compared to the consensus EPS estimate of 1.300. The company issued revenue guidance of $84.5 million-$88.5 million, compared to the consensus revenue estimate of $87.4 million. Consensus Cloud Solutions also updated its FY 2024 guidance to 5.080-5.310 EPS.

Consensus Cloud Solutions Trading Up 1.3 %

NASDAQ CCSI traded up $0.17 on Wednesday, reaching $13.23. 278,879 shares of the company were exchanged, compared to its average volume of 336,846. Consensus Cloud Solutions has a fifty-two week low of $11.62 and a fifty-two week high of $38.11. The business’s fifty day moving average price is $13.78 and its 200 day moving average price is $18.95. The stock has a market capitalization of $254.28 million, a P/E ratio of 3.36 and a beta of 1.07.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.90 EPS for the quarter, meeting the consensus estimate of $0.90. Consensus Cloud Solutions had a negative return on equity of 40.27% and a net margin of 21.32%. The business had revenue of $87.75 million for the quarter, compared to analyst estimates of $89.05 million. Equities research analysts forecast that Consensus Cloud Solutions will post 4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

CCSI has been the subject of several analyst reports. BTIG Research initiated coverage on Consensus Cloud Solutions in a research note on Friday, January 26th. They set a neutral rating for the company. Citigroup lowered shares of Consensus Cloud Solutions from a neutral rating to a sell rating and cut their target price for the stock from $25.00 to $20.00 in a research note on Tuesday, January 9th.

Consensus Cloud Solutions Company Profile

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.