Converge Technology Solutions Corp expected to post earnings of 7  cents a share - Earnings Preview

Converge Technology Solutions

07/05/2022 03:09

* Converge Technology Solutions Corp  CTS.TO   is expected
to show
a rise in quarterly revenue when it reports  results on May 10. 
    * The Toronto Ontario-based  company is expected to report 
a
63.1% increase in revenue to C$506.023 million from C$310.2
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Converge Technology
Solutions Corp is for earnings of 7 cents per share. For the
same quarter last year, the company reported earnings of 2 cents
per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$14​, above​ its last closing
price of C$8.11. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in Canadian dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.04        0.05       0.04      Missed  -17.9
 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.        0.06        0.06       0.01      Missed  -82.8
 31 2020                                                
 Sep. 30 2020  0.00        0.01       0.01      Met     66.7​
 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 May 7 at 02:09 GMT.  All
figures in Canadian dollars  unless otherwise stated