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Consensus Cloud Solutions (CCSI)
NASDAQ:CCSI
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.18Last Year’s EPS
$1.11Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -9.55%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record revenue growth in the Corporate sector and strong free cash flow alongside effective debt reduction. However, these achievements were offset by significant declines in the SoHo business and increased churn rates. The mixed results lead to a balanced view of the company's performance.Company Guidance
During the Consensus Q3 2024 earnings call, the company provided guidance for Q4 and the full year 2024, highlighting several key metrics and strategic focuses. The company reported a record revenue of $53.1 million for its Corporate business, a growth of 5.3% year-over-year, driven by new customer acquisitions and increased usage. The SoHo channel, despite a decline in revenue to $34.7 million, showed a slower decline rate and exceeded expectations. Adjusted EBITDA margin was reported at 53.5%, with a strong free cash flow of approximately $34 million. For Q4 2024, Consensus expects revenues between $83 million and $87 million, with adjusted EBITDA spanning $42 million to $45 million. Full-year guidance projects revenues between $346 million and $350 million and adjusted EBITDA between $186 million and $189 million. The company also highlighted efforts to reduce its debt, achieving a total debt to adjusted EBITDA ratio of 3.2x.Record Revenue for Corporate Business
Q3 revenue for the Corporate business reached a record $53.1 million, increasing by 5.3% compared to the previous year.
Strong Free Cash Flow and Debt Reduction
Generated free cash flow of approximately $34 million and repurchased $31.1 million in debt, reducing total outstanding debt to $618 million.
Stable Average Revenue Per Account (ARPA) in Corporate Sector
Maintained a stable ARPA of $310 for Corporate accounts, within a consistent range for 8 quarters.
Improved EBITDA Margin
Achieved an adjusted EBITDA margin of 53.5%, a 100 basis points improvement compared to the previous year.
100% Revenue Retention in Corporate Channel
Achieved a 100% revenue retention rate over the last 12 months in the Corporate channel.
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CCSI 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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CCSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $26.08 | $25.05 | -3.95% |
| Aug 08, 2024 | $19.48 | $19.87 | +2.00% |
| May 08, 2024 | $13.23 | $18.00 | +36.05% |
| Feb 21, 2024 | $18.29 | $15.49 | -15.31% |
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 Consensus Cloud Solutions (CCSI) report earnings?
Consensus Cloud Solutions (CCSI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Consensus Cloud Solutions (CCSI) earnings time?
Consensus Cloud Solutions (CCSI) earnings time is at Feb 19, 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 CCSI EPS forecast?
CCSI EPS forecast for the fiscal quarter 2024 (Q4) is $1.18.
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