NASDAQ$CCSI
Consensus Cloud Solutions Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported record GAAP net income/EPS and non-GAAP net income/non-GAAP EPS, driven by SoHo and Corporate revenues exceeding expectations and cost-saving measures.
Consensus Cloud Solutions reported a revenue of $88.1 million for Q1 2024, a decrease of 3.6% compared to Q1 2023. However, the company achieved record GAAP net income and EPS, along with strong Adjusted EBITDA margin and free cash flow growth.
- Q1 revenues decreased by 3.6% year-over-year to $88.1 million.
- GAAP net income increased to $26.4 million, with GAAP EPS increasing to $1.37.
- Adjusted EBITDA increased to $48.1 million, with an Adjusted EBITDA margin of 54.5%.
- Free cash flow increased by 21.6% year-over-year to $35.8 million.
Headline financials
Revenue & EPS history
Consensus Cloud · Revenue · Quarterly
$88.1M
Revenue by segment
Consensus Cloud · $92.8M total across 2 segments · Q2 2023
- Corporate$50.4M+2.5%54.3%
- SoHo$42.4M-3.6%45.7%
Forward guidance
Consensus Cloud Solutions reaffirmed its full-year 2024 guidance and released Q2 2024 guidance.
Tailwinds
- Q2 2024 Revenue is expected to be between $84.5 million and $88.5 million.
- Q2 2024 Adjusted EBITDA is expected to be between $46.0 million and $49.0 million.
- Q2 2024 Adjusted non-GAAP earnings per diluted share is expected to be between $1.30 and $1.36.
- Full year 2024 Revenue is expected to be between $338 million and $353 million.
- Full year 2024 Adjusted EBITDA is expected to be between $182 million and $194 million.
Headwinds
- The company is unable to provide a reconciliation of non-GAAP measures to comparable GAAP measures without unreasonable effort due to the uncertainty of predicting certain items.
- Guidance is provided on a non-GAAP basis only.
- Adjusted non-GAAP earnings per diluted share excludes share-based compensation, amortization of acquired intangibles, and certain gains or costs related to non-routine and other matters that are nonrecurring, in each case net of tax.
- The non-GAAP effective tax rate for Q2 2024 is expected to be between 20.5% and 22.5%.
- The company's ability to grow fax revenues, profitability and cash flows is subject to numerous assumptions, risks and uncertainties.
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 2024
+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 | — | — | — |
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