NASDAQ$CCSI
Consensus Cloud Solutions Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results with revenue increase and net income decrease due to increased employee related expenses.
Consensus Cloud Solutions reported a revenue increase of 1.8% to $92.8 million compared to Q2 2022. However, net income decreased to $21.1 million due to increased employee related expenses. The company ended the quarter with $112 million in cash and cash equivalents.
- GAAP quarterly revenues increased by $1.7 million, or 1.8%, to $92.8 million compared to Q2 2022.
- GAAP net income decreased to $21.1 million in Q2 2023 compared to $21.9 million for Q2 2022.
- Adjusted EBITDA for Q2 2023 of $47.7 million is unfavorable compared to Q2 2022 of $50.0 million.
- Consensus ended the quarter with $112.0 million in cash and cash equivalents.
Headline financials
Revenue & EPS history
Consensus Cloud · Revenue · Quarterly
$92.8M
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 is reaffirming its full year 2023 guidance at the low end of Revenue and Adjusted EBITDA and above the midpoint for Adjusted non-GAAP earnings per diluted share.
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 Q2 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 | — | — | — |
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