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

Converge Technology Solutions

10/08/2022 08:05

* Converge Technology Solutions Corp  CTS.TO  reported
quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in June. The mean expectation of ten analysts for the quarter
was for earnings of 10 cents per share.
    * Revenue rose 72.8% to C$596.66 million from a year ago;
analysts
expected C$582.97 million. 
    * Converge Technology Solutions Corp's reported EPS for the
quarter was 5 cents​.
    * The mean earnings estimate of analysts had risen by
about 9.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Converge Technology Solutions Corp shares had risen
by 14.8%
this quarter and lost 45.8% so far this year.
    * The company reported quarterly net income of C$12.02
million.
    * Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$11.63 
    * 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 from Refinitiv data August 10
at 07:05 a.m.  ​All figures in Canadian dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.10           0.14           Beat
 Mar. 31 2022      0.08           0.10           Beat
 Dec. 31 2021      0.05           0.04           Missed
 Sep. 30 2021      0.04           0.03           Missed