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

Consensus Cloud Solutions (NASDAQ:CCSI) 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.

Consensus Cloud Solutions Price Performance

NASDAQ CCSI traded down $1.03 during mid-day trading on Friday, reaching $25.05. The stock had a trading volume of 176,109 shares, compared to its average volume of 127,914. Consensus Cloud Solutions has a 1 year low of $11.62 and a 1 year high of $28.09. The stock has a market cap of $483.47 million, a PE ratio of 5.33 and a beta of 1.38. The company has a fifty day moving average price of $22.43 and a 200 day moving average price of $19.87.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.26 earnings per share 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 company had revenue of $87.50 million during the quarter, compared to analyst estimates of $87.10 million. As a group, equities research analysts expect that Consensus Cloud Solutions will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

CCSI has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lowered shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. BTIG Research upgraded shares of Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, August 21st. Finally, Wedbush boosted their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Consensus Cloud Solutions has an average rating of “Hold” and an average price target of $26.00.

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.