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 Trading Down 3.9 %

Consensus Cloud Solutions stock traded down $1.03 during mid-day trading on Friday, hitting $25.05. The stock had a trading volume of 176,109 shares, compared to its average volume of 127,914. The firm has a market capitalization of $483.47 million, a P/E ratio of 5.33 and a beta of 1.38. The firm’s 50 day moving average is $22.43 and its 200 day moving average is $19.87. Consensus Cloud Solutions has a one year low of $11.62 and a one year high of $28.09.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Thursday, August 8th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. The company had revenue of $87.50 million during the quarter, compared to the consensus estimate of $87.10 million. Consensus Cloud Solutions had a net margin of 25.72% and a negative return on equity of 57.77%. As a group, equities research analysts forecast that Consensus Cloud Solutions will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on CCSI shares. JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $19.00 to $21.00 in a report on Monday, September 9th. Wedbush increased their price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Friday. BTIG Research upgraded shares of Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, August 21st. Finally, Oppenheimer increased their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

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.