Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) will be posting 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.Parties that wish to listen to the company's conference call can do so using this link.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released 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. The firm had revenue of $87.50 million during the quarter, compared to analysts' expectations of $87.10 million. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. 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 Price Performance
NASDAQ CCSI traded up $0.22 on Thursday, reaching $22.18. The company had a trading volume of 149,148 shares, compared to its average volume of 239,114. The firm has a market capitalization of $428.01 million, a PE ratio of 4.71 and a beta of 1.37. Consensus Cloud Solutions has a 1 year low of $11.62 and a 1 year high of $28.09. The firm has a 50-day moving average of $22.25 and a 200-day moving average of $19.31.
Wall Street Analysts Forecast Growth
CCSI has been the subject of several research analyst reports. Oppenheimer increased their target price 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. lowered Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and increased their target price for the stock from $19.00 to $21.00 in a research report on Monday, September 9th. Finally, BTIG Research raised Consensus Cloud Solutions from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of "Hold" and an average price target of $23.60.
Check Out Our Latest Research Report on CCSI
Consensus Cloud Solutions Company Profile
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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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