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

Consensus Cloud Solutions (NASDAQ:CCSI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.140-1.240 for the period, compared to the consensus earnings per share 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 %

CCSI traded down $1.03 during trading on Friday, hitting $25.05. 176,109 shares of the company’s stock traded hands, compared to its average volume of 127,914. The stock has a market capitalization of $483.47 million, a price-to-earnings ratio of 5.33 and a beta of 1.38. The company’s 50 day simple moving average is $22.43 and its two-hundred day simple moving average is $19.87. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $28.09.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. The company had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $87.10 million. On average, equities analysts expect that Consensus Cloud Solutions will post 4.86 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 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 for the company in a research note on Wednesday, August 21st. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and increased their price target for the company from $19.00 to $21.00 in a report on Monday, September 9th. Finally, Wedbush upped their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of “Hold” and a consensus price target 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.