Clarivate Analytics (CCC) Misses Q1 EPS by 2c, Revenues Miss; Offers FY20 EPS/Revenue Guidance Below Consensus

Clarivate Analytics (NYSE: CCC) reported Q1 EPS of $0.07, $0.02 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $242.5 million versus the consensus estimate of $245.3 million.

"The operational and financial improvements we implemented last year are delivering positive results as evidenced by our solid double-digit first quarter growth including a more than 10% increase in adjusted revenue excluding divestitures and a 32% increase in Adjusted EBITDA. In addition, we are reaffirming 2020 guidance for Adjusted EPS, Adjusted EBITDA and Adjusted Free Cash Flow," said Jerre Stead, Executive Chairman and CEO of Clarivate. "As the COVID-19 pandemic grew, we took immediate actions to ensure the health and safety of our colleagues. We are also meeting the needs of our customers without disruption to any of the products and services we provide. We are well-positioned to weather this current global crisis, while continuing to pursue our long-term growth objectives."

GUIDANCE:

Clarivate Analytics sees FY2020 EPS of $0.53-$0.59, versus the consensus of $0.56. Clarivate Analytics sees FY2020 revenue of $1.13-1.16 billion, versus the consensus of $1.17 billion.

For earnings history and earnings-related data on Clarivate Analytics (CCC) click here.

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