Consensus Cloud Solutions (CCSI) Set to Announce Earnings on Wednesday

Consensus Cloud Solutions (NASDAQ:CCSI) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Consensus Cloud Solutions to post earnings of $1.06 per share for the quarter. Consensus Cloud Solutions has set its FY 2024 guidance at 5.080-5.310 EPS and its Q1 2024 guidance at 1.270-1.330 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Wednesday, February 21st. The company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90. The firm had revenue of $87.75 million during 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, analysts expect Consensus Cloud Solutions to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Consensus Cloud Solutions Trading Down 0.3 %

NASDAQ CCSI opened at $12.21 on Monday. Consensus Cloud Solutions has a 12 month low of $11.62 and a 12 month high of $38.11. The company’s 50-day moving average price is $13.93 and its 200-day moving average price is $19.10. The stock has a market cap of $234.68 million, a PE ratio of 3.10 and a beta of 1.07.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCSI. BTIG Research initiated coverage on shares of Consensus Cloud Solutions in a research note on Friday, January 26th. They set a “neutral” rating for the company. Citigroup lowered Consensus Cloud Solutions from a “neutral” rating to a “sell” rating and decreased their target price for the company from $25.00 to $20.00 in a research report on Tuesday, January 9th.

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.