Consensus Cloud Solutions Q2 Adj $1.45 Beats $1.32 Estimate, Sales $87.50M Beat $86.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consensus Cloud Solutions (NASDAQ:CCSI) reported Q2 earnings of $1.45 per share, beating the analyst estimate of $1.32. Sales were $87.50 million, also surpassing the $86.61 million estimate. However, sales decreased by 5.70% compared to the same period last year.
August 08, 2024 | 8:15 pm
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Consensus Cloud Solutions (NASDAQ:CCSI) reported Q2 earnings of $1.45 per share, beating the analyst estimate of $1.32. Sales were $87.50 million, also surpassing the $86.61 million estimate. However, sales decreased by 5.70% compared to the same period last year.
The company exceeded both earnings and sales estimates, which is likely to have a positive short-term impact on the stock price. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100