Consensus Cloud Solutions (NASDAQ:CCSI) Issues FY 2024 Earnings Guidance

Consensus Cloud Solutions (NASDAQ:CCSI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.080-5.310 for the period, compared to the consensus earnings per share estimate of 5.300. The company issued revenue guidance of $338.0 million-$353.0 million, compared to the consensus revenue estimate of $343.9 million.

Consensus Cloud Solutions Trading Up 5.1 %

NASDAQ CCSI opened at $17.18 on Friday. Consensus Cloud Solutions has a 12 month low of $11.62 and a 12 month high of $35.29. The stock’s fifty day moving average price is $16.98 and its 200-day moving average price is $17.98. The stock has a market cap of $330.20 million, a P/E ratio of 3.79 and a beta of 1.38.

Consensus Cloud Solutions (NASDAQ:CCSI) last released 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 business had revenue of $88.15 million during the quarter, compared to analyst estimates of $87.29 million. Consensus Cloud Solutions had a net margin of 24.55% and a negative return on equity of 49.60%. As a group, analysts forecast that Consensus Cloud Solutions will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CCSI shares. Oppenheimer reduced their target price on Consensus Cloud Solutions from $29.00 to $20.00 and set an outperform rating for the company in a report on Thursday, May 9th. Wedbush reaffirmed an outperform rating and set a $24.00 price objective on shares of Consensus Cloud Solutions in a research report on Friday, May 10th.

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.