Converge Technology Solutions Corp expected to post earnings of 4 cents a share - Earnings Preview

Converge Technology Solutions

09/11/2021 03:02

* Converge Technology Solutions Corp  CTS.TO   is expected
to show a rise in quarterly revenue when it reports  results on
November 10. 
* The Toronto, Ontario-based company is expected to report  a
94.3% increase in revenue to C$368.917 million from C$189.88
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Converge Technology
Solutions Corp is for earnings of 4 cents per share. For the
same quarter last year, the company reported earnings of 1 cents
per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"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$14​, about 22.4% above​ its last
closing price of C$10.86. ​​​
* Previous quarterly performance (using preferred earnings
measure in Canadian dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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​
 Sep. 30 2020  0.00        0.01       0.01      Met     66.7
 ​​Jun.        0.00        0.00       0.00      Met     70
 30 2020                                                
 Mar. 31 2020  -0.01       -0.01      -0.01     Met     0​
 This summary was machine generated November 9 at 03:01 GMT.  All
figures in Canadian dollars unless otherwise stated