CTS: Q4 Earnings Insights

CTS: Q4 Earnings Insights

 

CTS CTS reported its Q4 earnings results on Tuesday, February 8, 2022 at 07:45 AM.

Here's what investors need to know about the announcement.

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Earnings

CTS beat estimated earnings by 4.26%, reporting an EPS of $0.49 versus an estimate of $0.47.

Revenue was up $9.51 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1, which was followed by a 2.92% increase in the share price the next day.

Here's a look at CTS's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 0.36 0.38 0.37 0.34
EPS Actual 0.46 0.52 0.46 0.43
Revenue Estimate 116.91M 121.86M 119.20M 117.02M
Revenue Actual 122.38M 129.59M 128.43M 123.02M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

CTS management provided guidance for their next quarter, expecting earnings between $2.0 and $2.25 per share for the next quarter.

This represents a 333.67% in quarter-over-quarter growth for CTS, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews