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

CTS

06/02/2024 15:15

* CTS Corp  CTS.N  reported quarterly adjusted earnings of
47
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 56
cents.  The mean expectation of three analysts for the quarter
was for earnings of 46 cents per share. Wall Street expected
results to range from 42 cents to 50 cents per share.
    * Revenue fell 12.4% to $124.70 million from a year ago;
analysts
expected $124.51 million. 
    * CTS Corp's reported EPS for the quarter was 49 cents​.
    * The company reported quarterly net income of $15.3
million.
    * CTS Corp shares had fallen by 5.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for CTS Corp is
$40.00 

This summary was machine generated from LSEG data February 6 at
03:15 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.46           0.47           Beat
 Sep. 30 2023      0.56           0.54           Missed
 Jun. 30 2023      0.53           0.59           Beat
 Mar. 31 2023      0.58           0.61           Beat