CTS Corp reports results for the quarter ended in September 30 - Earnings Summary

CTS

29/10/2024 14:21

* CTS Corp  CTS.N  reported quarterly adjusted earnings of
63
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 54 cents.  The lone analyst forecast for the quarter was
for earnings of 54 cents per share. 
    * Revenue fell 1.6% to $132.42 million from a year ago;
analysts
expected $132.48 million. 
    * CTS Corp's reported EPS for the quarter was 61 cents​.
    * The company reported quarterly net income of $18.68
million.
    * CTS Corp shares had risen by 0.3% this quarter and
gained 11.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for CTS Corp is 43.00
This summary was machine generated from LSEG data October 29 at
02:21 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
 Sep. 30 2024      0.54           0.63           Beat
 Jun. 30 2024      0.53           0.54           Beat
 Mar. 31 2024      0.43           0.47           Beat
 Dec. 31 2023      0.46           0.47           Beat