Constellation Software Inc reports results for the quarter ended June 30 - Earnings Summary

• Constellation Software Inc CSU.TO reported quarterly adjusted earnings of $23.87​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $17.89. The mean expectation of eight analysts for the quarter was for earnings of $22.11 per share. Wall Street expected results to range from $19.57 to $25.02 per share.

• Revenue rose 15.2% to $2.84 billion from a year ago; analysts expected $2.87 billion.

• Constellation Software Inc's reported EPS for the quarter was $2.66​.

• The company reported quarterly net income of $56 million.

• Constellation Software Inc shares had fallen by 6.9% this quarter and gained 4.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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$5,550.00, about 17.1% above its last closing price of C$4,599.93

This summary was machine generated from LSEG data August 8 at 10:41 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)