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

Converge Technology Solutions

08/11/2022 22:59

* Converge Technology Solutions Corp  CTS.TO  reported
quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in September. The mean expectation of eleven analysts for the
quarter was for earnings of 10 cents per share.
    * Revenue rose 64.2% to C$603.21 million from a year ago;
analysts
expected C$612.82 million. 
    * Converge Technology Solutions Corp's reported EPS for the
quarter was 10 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days six analysts negatively revised
earnings
estimates 
    * Converge Technology Solutions Corp shares had fallen
by 25.7%
this quarter and lost 55.1% so far this year.
    * The company reported quarterly net income of C$18.23
million.
    * Wall Street's median 12-month price target for Converge
Technology Solutions Corp is C$10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
8 at 10:59 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.10           0.10           Met
 Jun. 30 2022      0.10           0.14           Beat
 Mar. 31 2022      0.08           0.10           Beat
 Dec. 31 2021      0.05           0.04           Missed