CTS Corp <CTS.N>: Profits of 58 cents per share anticipated for fourth quarter

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 CTS Corp <CTS.N>: Profits of 58 cents per share anticipated for fourth quarter
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3 February 2023 01:03 p.m. All figures in US dollars. CTS Corp is expected to show an increase in its fourth quarter earnings to 58 cents​ per share according to the mean Refinitiv estimate from four analysts. Wall Street expects results to range from 56 cents to ​62 cents per share. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". This includes one "Strong Buy", three "Hold". * The average consensus recommendation for the electronic equipment & parts peer group is "Hold". FORECAST CHANGES * Four analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has risen by 0.57 percent from 57 cents. Estimates ranged from a high of 62 cents to a low of 55 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the four analysts providing estimates is $44. YEAR OVER YEAR * The company is expected to report a rise in revenue to $148.17 million from $132.53 million in the same quarter last year. * The current quarter consensus estimate of 58 cents per share implies a gain of 17.60 percent from the same quarter last year when the company reported 49 cents per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, 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 Dec. 31 2021 0.47 0.49 Beat This summary was machine generated from Refinitiv data February 3 at 01:03 p.m..


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