CCC Intelligent Solutions's Earnings Outlook

CCC Intelligent Solutions (NASDAQ:CCCS) is preparing to release its quarterly earnings on Monday, 2024-10-28. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect CCC Intelligent Solutions to report an earnings per share (EPS) of $0.09.

The announcement from CCC Intelligent Solutions is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

During the last quarter, the company reported an EPS beat by $0.01, leading to a 6.98% drop in the share price on the subsequent day.

Here's a look at CCC Intelligent Solutions's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.08

0.08

0.08

0.08

EPS Actual

0.09

0.09

0.09

0.09

Price Change %

-7.000000000000001%

-6.0%

1.0%

7.000000000000001%

Performance of CCC Intelligent Solutions Shares

Shares of CCC Intelligent Solutions were trading at $11.15 as of October 24. Over the last 52-week period, shares are up 4.96%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on CCC Intelligent Solutions

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding CCC Intelligent Solutions.

The consensus rating for CCC Intelligent Solutions is Buy, derived from 3 analyst ratings. An average one-year price target of $14.0 implies a potential 25.56% upside.

Peer ...