There's been a notable change in appetite for Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) shares in the week since its full-year report, with the stock down 12% to US$16.81. It looks like the results were a bit of a negative overall. While revenues of US$363m were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.7% to hit US$3.94 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Consensus Cloud Solutions

Taking into account the latest results, the current consensus, from the six analysts covering Consensus Cloud Solutions, is for revenues of US$344.7m in 2024. This implies a measurable 4.9% reduction in Consensus Cloud Solutions' revenue over the past 12 months. Statutory per share are forecast to be US$4.03, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$365.3m and earnings per share (EPS) of US$4.24 in 2024. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.

The analysts made no major changes to their price target of US$26.00, suggesting the downgrades are not expected to have a long-term impact on Consensus Cloud Solutions' valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Consensus Cloud Solutions at US$30.00 per share, while the most bearish prices it at US$20.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. Over the past five years, revenues have declined around 3.2% annually. Worse, forecasts are essentially predicting the decline to accelerate, with the estimate for an annualised 4.9% decline in revenue until the end of 2024. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 12% per year. So while a broad number of companies are forecast to grow, unfortunately Consensus Cloud Solutions is expected to see its revenue affected worse than other companies in the industry.