CCCS Earnings Prediction
The chart below shows how CCCS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CCCS sees a +0.79% change in stock price 10 days leading up to the earnings, and a -1.20% change 10 days following the report. On the earnings day itself, the stock moves by -0.84%. This data can give you a slight idea of what to expect for the next quarter's release.
CCCS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
238.48M
7.84%
2.52%
Gross Margin
69.39%
5.70%
1.28%
Operating Margin
12.71%
69.69%
22.45%
Net Margin
1.73%
118.04%
-81.24%
EPS
0.00
-100.00%
-100.00%
No Data Available
CCCS Earnings Analysis
CCC Intelligent Solutions Holdings Inc. Common Stock Corporation (CCCS.O) Earnings Conference Call
Positive
Strong Revenue Performance: C C C delivered another quarter of strong financial performance with total revenue of $238 million, up 8% year-over-year.
Quarterly Adjusted EBITDA Growth: Adjusted EBITDA for the quarter was $102 million, up 9% year-over-year, with an adjusted EBITDA margin of 43%.
Strong Cash Generation: The company ended the quarter with $286 million in cash and cash equivalents, reflecting strong cash generation.
Free Cash Flow Increase: Free cash flow in Q3 was $49 million compared to $46 million in the prior year period, indicating solid cash generation.
2024 Revenue Forecast: The company expects total revenue for the full year 2024 to be between $941 million to $945 million, representing 9% year-over-year growth.
Negative
Revenue Growth Slowdown: Total revenue in the third quarter was $238.5 million, which is only a slight increase from the previous year, indicating a slowdown in growth.
Flat Profitability Despite Growth: Adjusted gross profit margin was 78%, which remained flat year-over-year, suggesting no improvement in profitability despite revenue growth.
Rising Operating Expenses: Adjusted operating expenses in Q3 2024 were $95 million, up 6% year-over-year, indicating rising costs that could impact future profitability.
Claim Volume Decline: Claim volume has decreased by approximately 6% year-over-year, which could negatively affect revenue growth moving forward.
Claims Volume Softness: There has been a noted softness in claims volume during this year, which may hinder overall revenue performance.
CCCS FAQs
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CCCS Earning Call Sentiment
CCC Intelligent Solutions Holdings Inc. (CCCS) Q3 2024 Earnings Call Transcript
CCCS.O
0.23%Positive
The earnings call summary shows mixed signals: strong financial performance and optimistic guidance contrast with regulatory risks, supply chain challenges, and claim volume softness. The Q&A reveals management's vague responses about claim volume trends, which may concern analysts. Positive factors like high retention rates and increased adoption of new solutions are offset by slower revenue conversion and no share repurchase program. Overall, the neutral sentiment reflects a balance of positive growth indicators and potential risks, suggesting a stable stock price movement in the near term.
