Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Expected to Announce Quarterly Sales of $94.00 Million

Equities research analysts expect Consensus Cloud Solutions, Inc. (NASDAQ:CCSIGet Rating) to report $94.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Consensus Cloud Solutions’ earnings. The lowest sales estimate is $93.60 million and the highest is $94.40 million. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Consensus Cloud Solutions will report full-year sales of $380.78 million for the current fiscal year, with estimates ranging from $380.55 million to $381.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $403.94 million, with estimates ranging from $402.87 million to $405.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Consensus Cloud Solutions.

Consensus Cloud Solutions (NASDAQ:CCSIGet Rating) last released its quarterly earnings data on Monday, May 16th. The company reported 1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of 1.29 by 0.04. The firm had revenue of 90.93 million during the quarter, compared to analyst estimates of 90.94 million. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year.

Several equities research analysts recently weighed in on CCSI shares. Zacks Investment Research lowered Consensus Cloud Solutions from a “buy” rating to a “hold” rating in a report on Friday, May 20th. 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. Finally, Wedbush lowered their price objective on Consensus Cloud Solutions from $75.00 to $67.00 in a research report on Thursday, March 3rd.

Several large investors have recently made changes to their positions in CCSI. Brown Brothers Harriman & Co. purchased a new position in Consensus Cloud Solutions during the 1st quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Consensus Cloud Solutions in the 1st quarter worth about $28,000. Sageworth Trust Co purchased a new stake in Consensus Cloud Solutions during the 1st quarter worth approximately $30,000. Captrust Financial Advisors purchased a new stake in shares of Consensus Cloud Solutions in the first quarter valued at approximately $47,000. Finally, PNC Financial Services Group Inc. acquired a new position in Consensus Cloud Solutions in the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 72.76% of the company’s stock.

Shares of CCSI opened at 48.23 on Tuesday. Consensus Cloud Solutions has a 12-month low of 34.81 and a 12-month high of 69.31. The business’s fifty day moving average is 52.86 and its 200 day moving average is 56.30.

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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