Yahoo Finance Consensus Cloud Solutions First Quarter 2024 Earnings: EPS: US$1.37 (vs US$0.78 in 1Q 2023)
Consensus Cloud Solutions (NASDAQ:CCSI) First Quarter 2024 Results
Key Financial Results
Revenue: US$88.1m (down 3.6% from 1Q 2023).
Net income: US$26.4m (up 71% from 1Q 2023).
Profit margin: 30% (up from 17% in 1Q 2023). The increase in margin was driven by lower expenses.
EPS: US$1.37 (up from US$0.78 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Consensus Cloud Solutions Earnings Insights
Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 13%.
Performance of the American Software industry.
The company's shares are up 8.0% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Consensus Cloud Solutions (3 make us uncomfortable!) that we have uncovered.
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