Consensus Cloud Solutions Q1 2024 Adj EPS $1.55 Beats $1.27 Estimate, Sales $88.146M Beat $86.727M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consensus Cloud Solutions (CCSI) reported Q1 2024 earnings of $1.55 per share, surpassing the $1.27 estimate, with sales of $88.146M also beating the $86.727M estimate. However, this represents a 3.62% decrease in sales compared to the same period last year.
May 08, 2024 | 9:08 pm
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Consensus Cloud Solutions reported higher than expected Q1 2024 earnings and sales, but noted a decrease in sales compared to last year.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the reported decrease in sales year-over-year might temper investor enthusiasm slightly, suggesting a cautious optimism in the stock's short-term trajectory.
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