CCC Intelligent Solutions Holdings Third Quarter 2024 Earnings: EPS: US$0.005 (vs US$0.036 loss in 3Q 2023)

CCC Intelligent Solutions Holdings (NASDAQ:CCCS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$238.5m (up 7.8% from 3Q 2023).
• Net income: US$2.81m (up from US$22.2m loss in 3Q 2023).
• Profit margin: 1.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$0.005 (up from US$0.036 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CCC Intelligent Solutions Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for CCC Intelligent Solutions Holdings that you need to take into consideration.

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