CTS Corp expected to post earnings of 46 cents a share - Earnings Preview

CTS

02/02/2024 14:43

* CTS Corp  CTS.N   CTS  is expected to show a fall in
quarterly
revenue when it reports  results on February 6 for the period
ending December 31 2023
    * The Lisle Illinois-based  company is expected to report a
12.5% decrease in revenue to $124.512 million from $142.28
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 46
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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
$40.00​, below​ its last closing price of $42.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.58        0.58       0.56      Missed  -2.8
 ​​Sep.        0.62        0.62       0.62      Met     -0.5
 30 2022                                                
 Jun. 30 2022  0.61        0.61       0.62      Beat    1.1​
 Mar. 31 2022  0.52        0.53       0.67      Beat    27.1
 Dec. 31 2021  0.48        0.47       0.49      Beat    3.5
 This summary was machine generated February 2 at 14:43 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)