Recap: Consensus Cloud Solutions Q3 Earnings
Portfolio Pulse from Benzinga Insights
Consensus Cloud Solutions (NASDAQ:CCSI) reported Q3 earnings, beating estimated earnings by 17.05% with an EPS of $1.51 versus an estimate of $1.29. However, revenue was down $5.35 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 0.06% increase in the share price the next day.
November 09, 2023 | 9:20 pm
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POSITIVE IMPACT
Consensus Cloud Solutions beat Q3 earnings estimates but reported a decrease in revenue compared to the same period last year. Past performance shows a slight increase in share price following positive earnings.
Consensus Cloud Solutions reported higher than expected earnings for Q3, which is generally a positive signal for investors and can lead to an increase in the stock price. However, the reported decrease in revenue could offset some of this positive sentiment. Given the company's past performance, where a beat on earnings estimates led to a slight increase in share price, it's likely we could see a similar pattern this time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100