- United States
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- Professional Services
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- NasdaqGS:CSGS
CSG Systems International Third Quarter 2024 Earnings: Misses Expectations
CSG Systems International (NASDAQ:CSGS) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$295.1m (up 2.9% from 3Q 2023).
- Net income: US$19.1m (up 2.1% from 3Q 2023).
- Profit margin: 6.5% (in line with 3Q 2023).
- EPS: US$0.67 (up from US$0.62 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CSG Systems International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 9.1%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are up 20% from a week ago.
Risk Analysis
You still need to take note of risks, for example - CSG Systems International has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:CSGS
CSG Systems International
Provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Established dividend payer and good value.