Converge Technology Solutions Corp expected to post earnings of 10  cents a share - Earnings Preview

Converge Technology Solutions

13/03/2023 22:36

* Converge Technology Solutions Corp  CTS.TO   is expected
to show
a rise in quarterly revenue when it reports  results on March
15. 
    * The Toronto Ontario-based  company is expected to report 
a
52.6% increase in revenue to C$770.854 million from C$504.98
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Converge Technology
Solutions Corp is for earnings of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$8​, above​ its last closing price
of C$4.24. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.09        0.10       0.10      Met     4.5
 Jun. 30 2022  0.09        0.10       0.14      Beat    45.5
 Mar. 31 2022  0.07        0.08       0.10      Beat    29.6​
 Dec. 31 2021  0.04        0.05       0.04      Missed  -17.9
 ​​Sep.        0.04        0.04       0.03      Missed  -29.4
 30 2021                                                
 Jun. 30 2021  0.08        0.07       0.01      Missed  -85.2​
 Mar. 31 2021  0.04        0.04       0.02      Missed  -54.5
 Dec. 31 2020  0.06        0.06       0.01      Missed  -82.8
 This summary was machine generated March 13 at 22:36 GMT.  All
figures in Canadian dollars  unless otherwise stated