CCC Intelligent Solutions: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
CCC Intelligent Solutions (NASDAQ:CCCS) reported Q4 earnings with a 12.0% beat on EPS estimates, posting $0.09 versus the expected $0.08. Revenue increased by $24.50 million from the same period last year. Historically, the company's share price increased by 7% the day after last quarter's earnings beat.
February 28, 2024 | 9:10 pm
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CCC Intelligent Solutions reported a 12.0% earnings beat for Q4, with an EPS of $0.09 against an estimate of $0.08, and a revenue increase of $24.50 million from the previous year.
Given CCCS's history of stock price increase following an earnings beat, as seen in the previous quarter with a 7% rise the next day, it's likely that the stock will experience a similar short-term positive movement. The company's consistent performance in beating EPS estimates and reporting revenue growth supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100