NASDAQ$CCSI
Consensus Cloud Solutions Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2023.
Consensus Cloud Solutions reported a decrease in GAAP quarterly revenues by 1.3% to $90.6 million compared to Q3 2022. However, GAAP net income increased to $24.0 million, and the company achieved a record free cash flow and cash reserves of $155.7 million.
- GAAP quarterly revenues decreased by 1.3% to $90.6 million compared to Q3 2022.
- GAAP net income increased to $24.0 million in Q3 2023 compared to $15.4 million for Q3 2022.
- Adjusted EBITDA for Q3 2023 was $47.5 million, a decrease compared to Q3 2022 of $49.1 million.
- Consensus ended the quarter with a record $155.7 million in cash and cash equivalents.
Headline financials
Revenue & EPS history
Consensus Cloud · Revenue · Quarterly
$90.6M
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
The company provided Q4 2023 guidance with revenue expected to be between $87.5 million and $90.5 million, Adjusted EBITDA between $46.3 million and $48.2 million, and Adjusted non-GAAP earnings per diluted share between $1.15 and $1.19.
Tailwinds
- Revenue is expected to be between $87.5 million and $90.5 million.
- Adjusted EBITDA is expected to be between $46.3 million and $48.2 million.
- Adjusted non-GAAP earnings per diluted share is expected to be between $1.15 and $1.19.
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 Q3 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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