CTS Corp expected to post earnings of 41 cents a share - Earnings Preview

CTS

29/04/2024 14:42

* CTS Corp  CTS.N   CTS  is expected to show a fall in
quarterly
revenue when it reports  results on May 1 for the period ending
March 31 2024
    * The Lisle Illinois-based  company is expected to report a
13.2% decrease in revenue to $126.747 million from $145.99
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for CTS Corp is for earnings
of 41
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CTS Corp is
$46.00​, below​ its last closing price of $46.16. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.45        0.46       0.47      Beat    2.4
 Sep. 30 2023  0.56        0.56       0.54      Missed  -3.5
 Jun. 30 2023  0.53        0.53       0.59      Beat    10.6​
 Mar. 31 2023  0.58        0.58       0.61      Beat    4.3
 ​​Dec.        0.58        0.58       0.56      Missed  -2.8
 31 2022                                                
 Sep. 30 2022  0.62        0.62       0.62      Met     -0.5​
 Jun. 30 2022  0.61        0.61       0.62      Beat    1.1
 Mar. 31 2022  0.52        0.53       0.67      Beat    27.1
 This summary was machine generated April 29 at 13:41 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)