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CTS Earnings Preview

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CTS (NYSE: CTS) releases its next round of earnings this Friday, July 31. Here's Benzinga's essential guide to CTS's Q2 earnings report.

Earnings and Revenue

CTS EPS is expected to be around $0.07, according to sell-side analysts. Sales will likely be near $89.02 million. CTS earnings in the same period a year ago was $0.40 per share. Quarterly sales came in at $120.68 million. If the company were to report in-line earnings when it publishes results Friday, quarterly profit would be down 82.5%. Sales would be down 5.47% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.14 0.35 0.39 0.38
EPS Actual 0.19 0.37 0.29 0.40
Revenue Estimate 94.17 M 110.45 M 117.70 M 115.33 M
Revenue Actual 103.08 M 115.04 M 115.65 M 120.68 M

Stock Performance

Over the last 52-week period, shares are down 30.24%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. CTS is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/75guqa3q

 

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