Consensus Cloud Solutions (NASDAQ:CCSI) Releases Q3 2024 Earnings Guidance

Consensus Cloud Solutions (NASDAQ:CCSI) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.250-1.350 for the period, compared to the consensus estimate of 1.240. The company issued revenue guidance of $83.5 million-$87.5 million, compared to the consensus revenue estimate of $85.3 million.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wedbush restated an outperform rating and set a $24.00 price objective on shares of Consensus Cloud Solutions in a report on Friday, May 10th. Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $20.00 to $23.00 and gave the stock an outperform rating in a research report on Friday.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock traded up $0.39 during trading on Friday, reaching $19.87. 315,701 shares of the company’s stock were exchanged, compared to its average volume of 284,294. The company’s 50-day moving average is $18.61 and its two-hundred day moving average is $17.13. Consensus Cloud Solutions has a 52-week low of $11.62 and a 52-week high of $33.39. The firm has a market cap of $381.90 million, a price-to-earnings ratio of 4.39 and a beta of 1.35.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.30. The company had revenue of $88.15 million during the quarter, compared to analysts’ expectations of $87.29 million. Consensus Cloud Solutions had a net margin of 24.55% and a negative return on equity of 49.60%. Analysts anticipate that Consensus Cloud Solutions will post 4.51 EPS for the current year.

About Consensus Cloud Solutions

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.