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

Converge Technology Solutions

11/11/2021 12:38

* Converge Technology Solutions Corp  CTS.TO  reported quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in September. The mean expectation of seven analysts for the
quarter was for earnings of 4 cents per share.
* Revenue rose 93.5% to C$367.35 million from a year ago; 
analysts expected C$368.92 million. 
* Converge Technology Solutions Corp's reported EPS for the
quarter was 2 cents​.
* The mean earnings estimate of analysts had fallen by
about 21.3% 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 3.6%
this quarter and gained 115.9% so far this year.
* The company reported quarterly net income of C$4.6 million.
* Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$13.75 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
This summary was machine generated November 11 at 12:38 p.m.
 ​All figures in Canadian dollars unless otherwise stated