Converge Technology Solutions Corp reports results for the quarter ended in December - Earnings Summary

Converge Technology Solutions

22/03/2022 22:46

* Converge Technology Solutions Corp  CTS.TO  reported
quarterly
adjusted earnings of 4 cents​​ per share for the quarter ended
in December. The mean expectation of ten analysts for the
quarter was for earnings of 5 cents per share.
    * Revenue rose 74.4% to C$504.98 million from a year ago; 
analysts expected C$486.37 million. 
    * Converge Technology Solutions Corp's reported EPS for the
quarter was 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Converge Technology Solutions Corp shares had risen
by 0.2% this
quarter.
    * The company reported quarterly net income of C$7.08
million.
    * Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$13.50 
    * 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." 

This summary was machine generated March 22 at 10:46 p.m.  ​All
figures in Canadian dollars unless otherwise stated