Consensus Cloud Solutions Reaffirms FY23 Guidance
Portfolio Pulse from Benzinga Newsdesk
Consensus Cloud Solutions has reaffirmed its full year 2023 guidance, with revenue and Adjusted EBITDA at the lower end, and Adjusted non-GAAP earnings per diluted share above the midpoint. The revenue is expected to be between $370 million and $390 million, Adjusted EBITDA between $192 million and $206 million, and Adjusted non-GAAP earnings per diluted share between $4.93 and $5.20.
August 08, 2023 | 9:16 pm
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Consensus Cloud Solutions reaffirmed its FY23 guidance, which could provide stability for investors. However, the lower end revenue and Adjusted EBITDA might be a concern.
Reaffirming guidance can provide stability and confidence for investors, as it shows the company is on track with its financial plans. However, the fact that revenue and Adjusted EBITDA are at the lower end might be a concern for some investors, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100