NASDAQ$CCSI
Consensus Cloud Solutions Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Consensus Cloud Solutions reported preliminary financial results
Consensus Cloud Solutions reported a revenue increase of 2.4% to $91.5 million in Q1 2023 compared to $89.3 million in Q1 2022. However, net income decreased to $15.5 million compared to $18.5 million for the same period last year. The company reaffirms its 2023 guidance.
- Q1 2023 GAAP quarterly revenues increased by $2.2 million, or 2.4%, to $91.5 million compared with $89.3 million for Q1 2022.
- GAAP net income decreased to $15.5 million in Q1 2023 compared to $18.5 million for Q1 2022.
- Adjusted EBITDA for Q1 2023 was $44.2 million, compared to $48.6 million for Q1 2022.
- Consensus ended the quarter with $111.3 million in cash and cash equivalents.
Headline financials
Revenue & EPS history
Consensus Cloud · Revenue · Quarterly
$91.5M
Revenue by segment
Consensus Cloud · $91.4M total across 2 segments · Q1 2023
- Corporate$49.4M+6.2%54.0%
- SoHo$42M-1.8%46.0%
Forward guidance
The Company reaffirms its 2023 full year guidance. Revenue is expected to be between $370 million and $390 million. Adjusted EBITDA is expected to be between $192 million and $206 million. Adjusted non-GAAP earnings per diluted share is expected to be between $4.93 and $5.20.
Tailwinds
- Revenue is expected to be between $370 million and $390 million.
- Adjusted EBITDA is expected to be between $192 million and $206 million.
- Adjusted non-GAAP earnings per diluted share is expected to be between $4.93 and $5.20.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.5%
Avg return
Earnings day
+2.7%
Avg return
5 days after
-3.4%
Avg return
30 days after
71%
15 / 21 earnings
Positive
+37.8%
Q1 2024
Best reaction
-17.8%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.9% | +1.2% | +18.3% | |
| Q4 2025 | +6.9% | +30.6% | +32.7% | |
| Q3 2025 | -15.7% | -18.8% | -24.6% | |
| Q1 2025 | +0.1% | +4.0% | +2.0% | |
| Q3 2024 | -5.9% | -5.0% | -5.9% | |
| Q2 2024 | +4.0% | +4.6% | +18.8% | |
| Q1 2024 | +37.8% | +48.7% | +41.8% | |
| Q4 2023 | -17.8% | -11.6% | -28.6% | |
| Q3 2023 | -7.1% | +4.7% | +12.9% | |
| Q2 2023 | +1.5% | +2.5% | -14.5% | |
| Q1 2023 | +0.4% | -8.4% | -1.1% | |
| Q4 2022 | -2.3% | -27.5% | -50.0% | |
| Q3 2022 | -3.2% | +6.3% | -4.0% | |
| Q2 2022 | +2.7% | +4.9% | -3.5% | |
| Q1 2021 | +1.1% | +1.7% | -14.8% | |
| Q1 2022 | +1.1% | +1.7% | -14.8% | |
| Q4 2019 | +1.9% | +1.3% | -15.6% | |
| Q2 2021 | +1.9% | +1.3% | -15.6% | |
| Q4 2021 | +9.0% | +9.5% | +9.5% | |
| Q3 2021 | +5.0% | +2.8% | -7.7% | |
| Q4 2020 | +5.0% | +2.8% | -7.7% | |
| Q3 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro