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Csg Systems International (CSGS)
NASDAQ:CSGS
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Earnings Data
Report Date
Feb 05, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.23Last Year’s EPS
$0.92Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 1.71%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant highlights such as a major contract renewal with Comcast, increased profitability, and strong sales wins, offset by challenges including slower revenue growth and restructuring costs impacting cash flow.Company Guidance
In the third quarter of 2024, CSG Systems International Inc. (CSGS) provided a positive outlook, raising profitability and EPS guidance for the second consecutive quarter while reaffirming other full-year targets. They reported an 18.4% non-GAAP adjusted operating margin, signaling enhanced profitability, and generated $37 million in free cash flow, marking a 25% year-over-year increase. The company also forecasted a pathway to achieve $110 million to $150 million in free cash flow for 2025 and 2026. CSGS reiterated its commitment to return over $100 million to shareholders in dividends and buybacks annually for 2024 and 2025. Additionally, they emphasized their goal to diversify revenue from new industry verticals to account for more than 35% of total revenue by 2026, alongside a long-term aspiration of expanding non-GAAP operating margins to a range of 18% to 20%.Contract Renewal with Comcast
CSG signed a significant contract renewal with Comcast, extending their partnership until December 31, 2030, with no day 1 price increase and annual price escalators starting from 2026.
Profitability and EPS Guidance Raised
CSG raised both profitability and EPS guidance targets for the second consecutive quarter, achieving an 18.4% non-GAAP adjusted operating margin in Q3.
Free Cash Flow Increase
CSG generated $37 million in free cash flow during the first 9 months of 2024, marking a 25% increase year-over-year.
Strong Sales Wins
CSG reported strong sales wins and deal expansions, including new clients like Telenor Denmark, Lyse, and Claro Brazil.
Revenue Growth and Diversification
CSG aims to deliver 2% to 6% pure organic revenue growth and diversify revenue from new industry verticals to more than 35% of total revenue by 2026.
Improved Operating Leverage and Margin Expansion
CSG expanded its non-GAAP operating margin from 16.6% in 2022 to 17.2% in 2023, with a new long-term target of 18% to 20%.
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CSGS 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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CSGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $50.80 | $55.62 | +9.49% |
| Aug 07, 2024 | $42.55 | $46.35 | +8.93% |
| May 01, 2024 | $44.93 | $41.22 | -8.26% |
| Feb 07, 2024 | $45.20 | $52.01 | +15.07% |
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 Csg Systems International (CSGS) report earnings?
Csg Systems International (CSGS) is schdueled to report earning on Feb 05, 2025, After Close Not Confirmed.
What is Csg Systems International (CSGS) earnings time?
Csg Systems International (CSGS) earnings time is at Feb 05, 2025, After Close 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 CSGS EPS forecast?
CSGS EPS forecast for the fiscal quarter 2024 (Q4) is $1.23.
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