Consensus Cloud Solutions (CCSI) Set to Announce Earnings on Thursday

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

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings results 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 negative return on equity of 57.77% and a net margin of 25.72%. The firm had revenue of $87.50 million during the quarter, compared to the consensus estimate of $87.10 million. 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 Performance

Shares of CCSI opened at $21.96 on Thursday. The firm has a market cap of $422.07 million, a PE ratio of 4.85 and a beta of 1.37. Consensus Cloud Solutions has a 52-week low of $11.62 and a 52-week high of $28.09. The business’s 50 day moving average price is $22.25 and its two-hundred day moving average price is $19.31.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $19.00 to $21.00 in a research note 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 raised Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.