Consensus Cloud Solutions Sees Q1 2024 Adj. EPS $1.27-$1.33 Vs $1.29 Est.; Revenue $85M-$89M Vs $91.359M Est.
Portfolio Pulse from Benzinga Newsdesk
Consensus Cloud Solutions forecasts its Q1 2024 adjusted EPS to be between $1.27 and $1.33, compared to the estimated $1.29. The company also projects its revenue to be between $85M and $89M, which is below the estimated $91.359M.
February 21, 2024 | 9:49 pm
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Consensus Cloud Solutions projects a Q1 2024 adjusted EPS of $1.27-$1.33, around the $1.29 estimate, but expects revenue to fall short of the $91.359M estimate, aiming for $85M-$89M.
The projected EPS is closely aligned with analyst estimates, indicating a neutral impact on the stock price. However, the lower revenue forecast could potentially concern investors, but since the EPS is in line with expectations, the overall impact is neutral.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100