CSG Systems (CSGS) Beats Q2 Earnings and Revenue Estimates

Core Insights - CSG Systems reported quarterly earnings of $1.16 per share, exceeding the Zacks Consensus Estimate of $1.04 per share, and showing an increase from $1.02 per share a year ago [1] - The company achieved a revenue of $271.26 million for the quarter, surpassing the Zacks Consensus Estimate by 1.54% and up from $266.11 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +11.54%, with the company having surpassed consensus EPS estimates three times in the last four quarters [2] - CSG Systems had a previous quarter earnings of $1.14 per share, which was also above the expected $1 per share, resulting in a surprise of +14% [2] Stock Performance - CSG Systems shares have increased approximately 21.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.1% [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for continued outperformance in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $282.01 million, and for the current fiscal year, it is $4.77 on revenues of $1.12 billion [8] - The estimate revisions trend for CSG Systems was favorable ahead of the earnings release, suggesting potential positive adjustments in earnings expectations [7] Industry Context - CSG Systems operates within the Computer - Services industry, which is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges ahead [9] - Another company in the same industry, WidePoint, is expected to report break-even quarterly earnings, reflecting a year-over-year change of +100% [10]