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Ccc Intelligent Solutions Holdings Inc (CCCS)
:CCCS
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 0.10%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, margin expansion, and successful strategic initiatives, including the acquisition of EvolutionIQ and the launch of new AI solutions. However, there were challenges such as a decline in claims volume and a slight decrease in gross profit margin. The sentiment is balanced by the positive outlook for 2025 and beyond.Company Guidance
In the call, CCC Intelligent Solutions provided guidance for the first quarter and full fiscal year 2025, projecting total revenue between $1.055 billion and $1.065 billion, reflecting a 12% growth year-over-year at the midpoint. For the first quarter of 2025, revenue is expected to be in the range of $249 million to $250.5 million, signifying a 10% increase year-over-year at the midpoint. The company forecasts an adjusted EBITDA of $417 million to $427 million for the full year, with an adjusted EBITDA margin of approximately 40%. This includes the integration of EvolutionIQ, which is anticipated to contribute $45 million to $50 million in revenue for 2025, with expectations for its revenue contribution to increase as the year progresses. Adjusted EBITDA margins excluding EvolutionIQ are expected to rise by about 75 basis points to roughly 43%. Additionally, CCC Intelligent Solutions highlighted the continued growth and adoption of its emerging solutions, which are projected to contribute about 1 percentage point to revenue growth, with emerging solutions currently standing at approximately 3% of total revenue.Record Revenue and Growth
For the fourth quarter of 2024, CCC's total revenue was $246 million, up 8% year-over-year and at the high end of our guidance range. Total revenue for the fiscal year 2024 was $945 million, up 9% year-over-year.
Strong EBITDA Performance
Adjusted EBITDA for the fourth quarter was $106 million, ahead of our guidance range, and adjusted EBITDA margin was 43%. Full year 2024 Adjusted EBITDA was $397 million, up 12% year-over-year with an adjusted EBITDA margin of 42%, up about 130 basis points year-over-year.
Expansion of CCC Network
In 2024, CCC made significant progress in strengthening and expanding the scope of the CCC network, with several key renewals and new customer additions including onboarding over 1,000 new collision repair facilities.
Launch of New AI Solutions
Our leadership in product innovation and AI continued to advance in 2024 with the launch of several new solutions and our IX Cloud event-based architecture. Our AI is now in production at over 100 insurers and over 10,000 collision repairs.
Acquisition of EvolutionIQ
Through our acquisition of EvolutionIQ, we expanded our addressable markets into disability and workers' compensation while also deepening and strengthening our AI and casualty capabilities.
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CCC Intelligent Solutions Holdings (CCCS) Earnings, Revenues Date & History
CCCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $10.30 | $10.31 | +0.10% |
| Oct 28, 2024 | $10.95 | $10.93 | -0.18% |
| Jul 30, 2024 | $11.03 | $10.26 | -6.98% |
| Apr 30, 2024 | $11.22 | $10.55 | -5.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ccc Intelligent Solutions Holdings Inc (CCCS) report earnings?
Ccc Intelligent Solutions Holdings Inc (CCCS) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Ccc Intelligent Solutions Holdings Inc (CCCS) earnings time?
Ccc Intelligent Solutions Holdings Inc (CCCS) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCCS EPS forecast?
CCCS EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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