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CCC Intelligent Solutions Holdings (CCCS)
NASDAQ:CCCS
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
$0.09Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 10.05%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted CCC's strong financial performance, continued innovation, and successful adoption of new solutions, despite challenges from soft claim volumes and slower revenue conversion of new products. The company remains optimistic about future growth opportunities.Company Guidance
During the CCC Intelligent Solutions Q3 2024 earnings call, the company reported a total revenue of $238.5 million, reflecting an 8% year-over-year increase, with adjusted EBITDA reaching $102 million, marking a 9% growth from the prior year. The adjusted EBITDA margin improved by approximately 60 basis points to 43%. The company highlighted robust software gross dollar retention (GDR) of 99% and a software net dollar retention (NDR) of 106%. Despite facing a 6% year-to-date decrease in claim volumes, CCC maintained its full-year revenue guidance of $941 million to $945 million, representing a 9% annual growth. The call detailed the company's investment in R&D, surpassing $150 million annually, which supports the development of advanced solutions such as AI-driven tools and the CCC IX Cloud. These investments are expected to drive future growth and customer value creation, although the adoption of new solutions is occurring at a slower pace than anticipated.Strong Financial Performance
CCC reported a total revenue of $238 million for Q3 2024, up 8% year-over-year, slightly above guidance. Adjusted EBITDA was $102 million, up 9% year-over-year, with a margin of 43%, up approximately 60 basis points year-over-year.
Successful Adoption of New Solutions
Emerging solutions are the fastest-growing part of CCC's portfolio. Products like First Look and Intelligent Reinspection show strong early results, with significant adoption rates and positive customer feedback.
High Gross Dollar Retention
Software gross dollar retention remained strong at 99%, reflecting the value CCC provides and the benefits to customers from participating in its network.
Innovative Product Launches
The launch of CCC Build Sheets and CCC Payroll has shown rapid adoption and fills critical needs within the collision repair industry, with over 2,000 repair facilities signed up for Build Sheets.
Continued Investment in R&D
Over $150 million annually is invested in R&D, building deep expertise in AI and other technologies crucial for the Intelligent Experience (IX) era.
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CCC Intelligent Solutions Holdings (CCCS) Earnings, Revenues Date & History
CCCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $10.95 | $10.93 | -0.18% |
| Jul 30, 2024 | $11.03 | $10.26 | -6.98% |
| Apr 30, 2024 | $11.22 | $10.55 | -5.97% |
| Feb 28, 2024 | $11.60 | $11.71 | +0.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CCC Intelligent Solutions Holdings (CCCS) report earnings?
CCC Intelligent Solutions Holdings (CCCS) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is CCC Intelligent Solutions Holdings (CCCS) earnings time?
CCC Intelligent Solutions Holdings (CCCS) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCCS EPS forecast?
CCCS EPS forecast for the fiscal quarter 2024 (Q4) is $0.1.
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