CCC Intelligent Solutions Earnings Preview: What to Expect on October 28th
Investors are eagerly awaiting the upcoming quarterly earnings release from CCC Intelligent Solutions (CCCS) on Monday, October 28th, 2024. This announcement holds significant weight, with investors hoping for news of exceeding estimates and favorable guidance for the coming quarter. Understanding the key factors driving CCCS’s performance is crucial for informed investment decisions.
Analyst Expectations and Historical Performance
Analysts are expecting CCC Intelligent Solutions to report an earnings per share (EPS) of $0.09. This follows a pattern of consistent EPS beats in recent quarters, with the company surpassing expectations by $0.01 in the last quarter. It’s important to remember that guidance, a crucial factor for stock price movements, will also be under scrutiny.
Past Performance and Price Changes
Examining past earnings releases reveals a trend of mixed price reactions. While the company beat EPS estimates in the last quarter, it resulted in a 6.98% drop in the share price on the following day. Here’s a breakdown of CCC Intelligent Solutions’s past performance and the resulting price changes:
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Q2 2024:
EPS Estimate: $0.08, EPS Actual: $0.09, Price Change: -7.00%*
Q1 2024:
EPS Estimate: $0.08, EPS Actual: $0.09, Price Change: -6.00%*
Q4 2023:
EPS Estimate: $0.08, EPS Actual: $0.09, Price Change: 1.00%*
Q3 2023:
EPS Estimate: $0.08, EPS Actual: $0.09, Price Change: 7.00%Long-Term Shareholder Sentiment
Shares of CCC Intelligent Solutions were trading at $11.15 as of October 24th. Over the past 52 weeks, the stock has shown positive performance, increasing by 4.96%. This suggests that long-term shareholders are likely optimistic going into the earnings release, given the generally positive returns.
Analyst Perspectives and Peer Comparisons
Understanding market sentiment and expectations within the industry is crucial for investors. Analysts currently hold a ‘Buy’ consensus rating for CCC Intelligent Solutions, based on 3 analyst ratings. The average one-year price target stands at $14.0, implying a potential upside of 25.56%.
To gain further insights, let’s compare CCC Intelligent Solutions with three prominent industry players: AppFolio, Confluent, and Pegasystems.
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AppFolio:
Analyst consensus favors an ‘Outperform’ trajectory, with an average one-year price target of $265.0, suggesting a potential upside of 2276.68%.*
Confluent:
Analyst consensus favors a ‘Buy’ trajectory, with an average one-year price target of $30.0, suggesting a potential upside of 169.06%.*
Pegasystems:
Analyst consensus favors a ‘Buy’ trajectory, with an average one-year price target of $88.62, suggesting a potential upside of 694.8%.Snapshot: Peer Analysis
Examining key metrics for CCC Intelligent Solutions, AppFolio, Confluent, and Pegasystems provides valuable insights into their respective standings within the industry.
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| CCC Intelligent Solutions | Buy | 9.88% | $177.30M | 1.10% |
| AppFolio | Outperform | 34.20% | $127.77M | 8.35% |
| Confluent | Buy | 24.14% | $170.00M | -10.46% |
| Pegasystems | Buy | -2.87% | $228.34M | -3.17% |
Key Takeaway: CCC Intelligent Solutions ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the bottom.
All You Need to Know About CCC Intelligent Solutions
CCC Intelligent Solutions Holdings Inc is a leading provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance industry. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. CCCS generates revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has a presence in the United States and China, with the majority of its revenue coming from the United States.
Financial Performance Analysis
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Market Capitalization:
CCCS’s market capitalization is positioned below industry averages, reflecting a smaller scale. This could be attributed to factors such as growth expectations or operational capacity.*
Revenue Growth:
CCCS has demonstrated noteworthy revenue growth over a period of 3 months. As of June 30th, 2024, the company achieved a revenue growth rate of approximately 9.88%. This indicates a substantial increase in the company’s top-line earnings. However, compared to competitors, the company experienced difficulties, with a growth rate lower than the average among peers in the Information Technology sector.*
Net Margin:
CCCS boasts an exceptional net margin, exceeding industry averages. With a remarkable net margin of 8.69%, the company showcases strong profitability and effective cost management.*
Return on Equity (ROE):
CCCS’s exceptional ROE exceeds industry averages. A remarkable ROE of 1.1% indicates efficient use of equity capital and strong financial health.*
Return on Assets (ROA):
CCCS’s exceptional ROA exceeds industry averages. A remarkable ROA of 0.66% indicates efficient use of assets and strong financial health.*
Debt Management:
CCCS’s debt-to-equity ratio is below the industry average. With a ratio of 0.44, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which is viewed positively by investors.To track all earnings releases for CCC Intelligent Solutions, visit their earnings calendar on our site.