Converge Technology Solutions Corp expected to post earnings of 9  cents a share - Earnings Preview

Converge Technology Solutions

06/05/2023 03:11

* Converge Technology Solutions Corp  CTS.TO   is expected
to show
a rise in quarterly revenue when it reports  results on May 9. 
    * The Toronto Ontario-based  company is expected to report 
a
14.7% increase in revenue to C$630.69 million from C$550.04
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Converge Technology
Solutions Corp is for earnings of 9 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 had fallen by
about 25.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$7​, above​ its last closing price
of C$3.37. ​​​

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 2022  0.09        0.10       0.16      Beat    67.4
 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.        0.04        0.05       0.04      Missed  -17.9
 31 2021                                                
 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
 This summary was machine generated May 6 at 02:11 GMT.  All
figures in Canadian dollars  unless otherwise stated