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

CTS

26/10/2023 14:33

* CTS Corp  CTS.N  reported quarterly adjusted earnings of
54
cents​​ per share for the quarter ended in September. The mean
expectation of three analysts for the quarter was for earnings
of 56 cents per share.
    * Revenue fell 11.4% to $134.55 million from a year ago;
analysts
expected $142.07 million. 
    * CTS Corp's reported EPS for the quarter was 44 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * CTS Corp shares had fallen by 8.2% this quarter and
lost 2.8% so
far this year.
    * The company reported quarterly net income of $13.79
million.
    * Wall Street's median 12-month price target for CTS Corp is
$42.00 
    * 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 LSEG Refinitiv data
October 26 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.56           0.54           Missed
 Jun. 30 2023      0.53           0.59           Beat
 Mar. 31 2023      0.58           0.61           Beat
 Dec. 31 2022      0.58           0.56           Missed