Consensus Cloud Solutions Q2 Adj EPS $1.36 Beats $1.25 Estimate, Sales $92.79M Miss $94.10M Estimate
Portfolio Pulse from vinayak@benzinga.com
Consensus Cloud Solutions (NASDAQ:CCSI) reported Q2 earnings of $1.36 per share, beating the analyst consensus estimate of $1.25 by 8.8%. However, the company's quarterly sales of $92.79 million missed the analyst consensus estimate of $94.10 million by 1.39%. Compared to the same period last year, earnings decreased by 6.21% and sales decreased by 0.40%.
August 08, 2023 | 8:06 pm
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Consensus Cloud Solutions beat Q2 earnings estimates but missed on sales. Earnings and sales decreased compared to the same period last year.
While Consensus Cloud Solutions beat earnings estimates, which could have a positive impact on the stock, it missed sales estimates and reported a decrease in both earnings and sales compared to the same period last year. This mixed result could lead to neutral short-term price movement.
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IMPORTANCE 80
RELEVANCE 100