Consensus Cloud Solutions: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Consensus Cloud Solutions (NASDAQ:CCSI) reported Q4 earnings with an EPS of $1.11, missing estimates by 7.5% and a revenue decrease of $2.48 million from the previous year. This follows a pattern of past earnings where the company's performance has varied, including a notable 6.41% drop in share price after last quarter's earnings beat.
February 21, 2024 | 9:05 pm
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Consensus Cloud Solutions reported a Q4 EPS of $1.11, missing estimates by 7.5%, and a year-over-year revenue decrease of $2.48 million.
The missed earnings estimate and the year-over-year revenue decrease are likely to negatively impact investor sentiment in the short term. Historical data shows a 6.41% drop in share price following last quarter's earnings, indicating that earnings reports significantly influence CCSI's stock price.
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