Constellation Software Inc reports results for the quarter ended March 31 - Earnings Summary

• Constellation Software Inc CSU.TO reported quarterly adjusted earnings of $16.17​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $15.67. The mean expectation of eight analysts for the quarter was for earnings of $20.54 per share. Wall Street expected results to range from $18.01 to $23.80 per share.

• Revenue rose 12.7% to $2.65 billion from a year ago; analysts expected $2.76 billion.

• Constellation Software Inc's reported EPS for the quarter was $5.44​.

• The company reported quarterly net income of $115 million.

• Constellation Software Inc shares had risen by 12.6% this quarter and gained 15.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Constellation Software Inc is C$5,475.00

This summary was machine generated from LSEG data May 13 at 11:19 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)