CCC Intelligent Solutions Sees Q2 Revenue $228.5M-$230.5M vs $230.92M Est., Sees FY24 Revenue $944M-$950M vs $946.97M Est.
Portfolio Pulse from Benzinga Newsdesk
CCC Intelligent Solutions projects Q2 revenue to be between $228.5M-$230.5M, slightly below the estimated $230.92M. For FY24, the company forecasts revenue to range from $944M-$950M, closely aligning with the $946.97M estimate.
April 30, 2024 | 8:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
CCC Intelligent Solutions projects its Q2 and FY24 revenues to be slightly below and nearly in line with analyst estimates, respectively.
The slight miss in Q2 revenue forecast compared to estimates may not significantly impact investor sentiment as the FY24 revenue outlook is closely aligned with expectations. This balance between a minor miss and meeting full-year expectations suggests a neutral short-term impact on CCCS's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100