Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 5.080-5.310 for the period, compared to the consensus earnings per share estimate of 5.300. The company issued revenue guidance of $338.0 million-$353.0 million, compared to the consensus revenue estimate of $343.9 million.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CCSI. Oppenheimer decreased their target price on shares of Consensus Cloud Solutions from $29.00 to $20.00 and set an outperform rating for the company in a research report on Thursday, May 9th. Wedbush reaffirmed an outperform rating and issued a $24.00 target price on shares of Consensus Cloud Solutions in a research report on Friday, May 10th.
Read Our Latest Stock Analysis on CCSI
Consensus Cloud Solutions Stock Performance
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.30. The company had revenue of $88.15 million during the quarter, compared to analysts’ expectations of $87.29 million. Consensus Cloud Solutions had a net margin of 24.55% and a negative return on equity of 49.60%. As a group, analysts predict that Consensus Cloud Solutions will post 4.51 EPS for the current fiscal 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.
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