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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