Consensus Cloud Solutions (NASDAQ:CCSI) Issues Q2 2024 Earnings Guidance

Consensus Cloud Solutions (NASDAQ:CCSI) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.300-1.360 for the period, compared to the consensus earnings per share estimate of 1.300. The company issued revenue guidance of $84.5 million-$88.5 million, compared to the consensus revenue estimate of $87.4 million. Consensus Cloud Solutions also updated its FY 2024 guidance to 5.080-5.310 EPS.

Analysts Set New Price Targets

Several brokerages recently commented on CCSI. BTIG Research initiated coverage on shares of Consensus Cloud Solutions in a research report on Friday, January 26th. They issued a neutral rating for the company. Citigroup lowered Consensus Cloud Solutions from a neutral rating to a sell rating and dropped their price target for the company from $25.00 to $20.00 in a research report on Tuesday, January 9th.

Consensus Cloud Solutions Stock Performance

Shares of NASDAQ CCSI traded up $0.17 during mid-day trading on Wednesday, reaching $13.23. The company had a trading volume of 278,879 shares, compared to its average volume of 336,846. The stock has a market capitalization of $254.28 million, a PE ratio of 3.36 and a beta of 1.07. Consensus Cloud Solutions has a twelve month low of $11.62 and a twelve month high of $38.11. The stock’s 50 day moving average is $13.78 and its 200-day moving average is $18.95.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.90 earnings per share for the quarter, meeting the consensus estimate of $0.90. The firm had revenue of $87.75 million for the quarter, compared to analyst estimates of $89.05 million. Consensus Cloud Solutions had a net margin of 21.32% and a negative return on equity of 40.27%. On average, sell-side analysts anticipate that Consensus Cloud Solutions will post 4.33 EPS for the current year.

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.