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

Converge Technology Solutions

15/03/2023 22:34

* Converge Technology Solutions Corp  CTS.TO  reported
quarterly
adjusted earnings of 16 cents​​ per share for the quarter ended
in December. The mean expectation of twelve analysts for the
quarter was for earnings of 10 cents per share.
    * Revenue rose 26.9% to C$640.93 million from a year ago;
analysts
expected C$770.90 million. 
    * Converge Technology Solutions Corp's reported EPS for the
quarter was a loss of 2 cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.1%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Converge Technology Solutions Corp shares had fallen
by 5.7%
this quarter.
    * The company reported a quarterly loss of C$3.53 million.
    * Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$8.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 15 at 10:34 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.10           0.16           Beat
 Sep. 30 2022      0.10           0.10           Met
 Jun. 30 2022      0.10           0.14           Beat
 Mar. 31 2022      0.08           0.10           Beat