Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 5.450-5.550 for the period, compared to the consensus EPS estimate of 5.500. The company issued revenue guidance of $346.0 million-$350.0 million, compared to the consensus revenue estimate of $344.1 million. Consensus Cloud Solutions also updated its Q4 2024 guidance to 1.140-1.240 EPS.
Wall Street Analysts Forecast Growth
CCSI has been the subject of a number of recent research reports. Oppenheimer boosted their price target on Consensus Cloud Solutions from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $19.00 to $21.00 in a report on Monday, September 9th. Finally, BTIG Research raised 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 report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, Consensus Cloud Solutions presently has an average rating of “Hold” and an average price target of $23.60.
Get Our Latest Stock Report on CCSI
Consensus Cloud Solutions Stock Performance
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $87.50 million for 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, analysts predict that Consensus Cloud Solutions will post 4.86 EPS for the current year.
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.
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