CTS Corp expected to post earnings of 56  cents a share - Earnings Preview

CTS

24/10/2023 19:35

* CTS Corp  CTS.N   CTS  is expected to show a fall in
quarterly
revenue when it reports  results on October 26. 
    * The Lisle Illinois-based  company is expected to report  a
6.5% decrease in revenue to $142.067 million from $151.91
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CTS Corp is for
earnings
of 56 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
$42​,
above​ its last closing price of $38.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.62        0.62       0.62      Met     -0.5
 ​​Jun.        0.61        0.61       0.62      Beat    1.1
 30 2022                                                
 Mar. 31 2022  0.52        0.53       0.67      Beat    27.1​
 Dec. 31 2021  0.48        0.47       0.49      Beat    3.5
 Sep. 30 2021  0.39        0.39       0.46      Beat    17.9
 This summary was machine generated October 24 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated