CCC Intelligent Solutions Holdings Inc. (CCCS) Surpasses Q3 Earnings and Revenue Estimates

Core Viewpoint - CCC Intelligent Solutions Holdings Inc. reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of$0.09 per share, marking an earnings surprise of 11.11% [1][2] Financial Performance - The company posted revenues of $238.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.51$221.15 million year-over-year [2] - Over the last four quarters, CCC Intelligent Solutions has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - CCC Intelligent Solutions shares have declined approximately 3.4% since the beginning of the year, contrasting with the S&P 500's gain of 21.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of$246.16 million, and for the current fiscal year, it is $0.36 on revenues of$943.3 million [7] Industry Outlook - The Insurance - Property and Casualty industry, to which CCC Intelligent Solutions belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of CCC Intelligent Solutions may be influenced by the overall outlook of the industry [8]