CTS Corp reports results for the quarter ended in December - Earnings Summary

CTS

07/02/2023 14:02

* CTS Corp  CTS.N  reported quarterly adjusted earnings of
56
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
58 cents per share.
    * Revenue rose 7.4% to $142.28 million from a year ago;
analysts
expected $148.17 million. 
    * CTS Corp's reported EPS for the quarter was 47 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * CTS Corp shares had risen by 18.4% this quarter.
    * The company reported quarterly net income of $14.94
million.
    * Wall Street's median 12-month price target for CTS Corp is
$44.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
7 at 02:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.58           0.56           Missed
 Sep. 30 2022      0.62           0.62           Met
 Jun. 30 2022      0.61           0.62           Beat
 Mar. 31 2022      0.53           0.67           Beat