Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Expected to Announce Quarterly Sales of $91.57 Million

Equities research analysts forecast that Consensus Cloud Solutions, Inc. (NASDAQ:CCSIGet Rating) will announce $91.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Consensus Cloud Solutions’ earnings, with the highest sales estimate coming in at $92.40 million and the lowest estimate coming in at $90.74 million. The business is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Consensus Cloud Solutions will report full year sales of $380.48 million for the current financial year, with estimates ranging from $380.40 million to $380.56 million. For the next financial year, analysts expect that the firm will report sales of $398.94 million, with estimates ranging from $395.20 million to $402.68 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Consensus Cloud Solutions.

Consensus Cloud Solutions (NASDAQ:CCSIGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The company reported 1.46 earnings per share for the quarter, beating the consensus estimate of 1.30 by 0.16. The business had revenue of 89.00 million during the quarter, compared to analyst estimates of 88.20 million.

Several equities analysts have commented on CCSI shares. JMP Securities started coverage on Consensus Cloud Solutions in a research report on Thursday, March 3rd. They issued an “outperform” rating and a $70.00 target price for the company. Wedbush dropped their target price on Consensus Cloud Solutions from $75.00 to $67.00 in a research report on Thursday, March 3rd.

Consensus Cloud Solutions stock opened at 47.10 on Tuesday. Consensus Cloud Solutions has a 12 month low of 34.81 and a 12 month high of 69.31. The stock has a 50-day moving average price of 55.80 and a two-hundred day moving average price of 57.87.

Several institutional investors and hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of Consensus Cloud Solutions during the first quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Consensus Cloud Solutions during the first quarter worth about $28,000. Sageworth Trust Co bought a new position in shares of Consensus Cloud Solutions during the first quarter worth about $30,000. Captrust Financial Advisors bought a new position in shares of Consensus Cloud Solutions during the first quarter worth about $47,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Consensus Cloud Solutions during the first quarter worth about $59,000. Institutional investors own 72.76% of the company’s stock.

About Consensus Cloud Solutions (Get Rating)

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data.

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