Converge Technology Solutions Corp expected to post earnings of 5 cents a share - Earnings Preview

Converge Technology Solutions

18/03/2022 21:08

* Converge Technology Solutions Corp  CTS.TO   is expected
to show
a rise in quarterly revenue when it reports  results on March
22. 
    * The Toronto Ontario-based  company is expected to report 
a
68.0% increase in revenue to C$486.37 million from C$289.56
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Converge Technology
Solutions Corp is for earnings of 5 cents per share. For the
same quarter last year, the company reported earnings of 1 cent
per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"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$13.5​, above​ its last closing
price of C$10.20. ​​​
    * 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 2021  0.04        0.04       0.03      Missed  -29.4
 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.        0.00        0.01       0.01      Met     66.7
 30 2020                                                
 Jun. 30 2020  0.00        0.00       0.00      Met     70​
 Mar. 31 2020  -0.01       -0.01      -0.01     Met     0
 This summary was machine generated March 18 at 21:08 GMT.  All
figures in Canadian dollars  unless otherwise stated