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

CTS

26/07/2022 14:52

* CTS Corp  CTS.N  reported quarterly adjusted earnings of
62
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 61 cents per share.
    * Revenue rose 11.9% to $144.98 million from a year ago;
analysts
expected $142.75 million. 
    * CTS Corp's reported EPS for the quarter was 39 cents​.
    * The mean earnings estimate of analysts had risen by
about 14.3%
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 11.2% this quarter and
gained 3.1%
so far this year.
    * The company reported quarterly net income of $12.6
million.
    * Wall Street's median 12-month price target for CTS Corp is
$39.00 
    * 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." 

This summary was machine generated from Refinitiv data July 26
at 01:52 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.61           0.62           Beat
 Mar. 31 2022      0.53           0.67           Beat
 Dec. 31 2021      0.47           0.49           Beat
 Sep. 30 2021      0.39           0.46           Beat