Consensus Cloud Solutions (CCSI) Scheduled to Post Quarterly Earnings on Thursday

Consensus Cloud Solutions (NASDAQ:CCSI) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Consensus Cloud Solutions has set its Q3 2024 guidance at 1.250-1.350 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.15. The business had revenue of $87.50 million for the quarter, compared to analyst estimates of $87.10 million. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. On average, analysts expect Consensus Cloud Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Consensus Cloud Solutions Stock Down 0.5 %

NASDAQ CCSI opened at $23.46 on Wednesday. Consensus Cloud Solutions has a 52 week low of $11.62 and a 52 week high of $28.09. The business has a 50 day moving average price of $22.30 and a 200-day moving average price of $19.64. The company has a market cap of $452.78 million, a price-to-earnings ratio of 4.99 and a beta of 1.38.

Wall Street Analyst Weigh In

CCSI has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $19.00 to $21.00 in a report on Monday, September 9th. Oppenheimer boosted their price objective on Consensus Cloud Solutions from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, BTIG Research upgraded Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Consensus Cloud Solutions currently has a consensus rating of “Hold” and a consensus price target of $23.60.

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.