Consensus Cloud Solutions Q4 2023 Adj EPS $1.11 Misses $1.20 Estimate, Sales $87.75M Miss $88.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consensus Cloud Solutions (CCSI) reported Q4 2023 earnings of $1.11 per share, missing the $1.20 estimate, and sales of $87.75M, missing the $88.86M estimate. This represents a 2.75% decrease in sales compared to the same period last year.
February 21, 2024 | 9:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Consensus Cloud Solutions reported lower than expected Q4 2023 earnings and sales, missing estimates and showing a decrease in sales compared to last year.
Missing both earnings and sales estimates, especially with a year-over-year decrease in sales, typically has a negative impact on investor sentiment and can lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100