CTS CTS reported its Q3 earnings results on Wednesday, October 26, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
CTS reported in-line EPS of $0.62 versus an estimate of $0.62.
Revenue was up $29.53 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 1.69% increase in the share price the next day.
Here's a look at CTS's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 0.61 | 0.53 | 0.47 | 0.36 |
EPS Actual | 0.62 | 0.67 | 0.49 | 0.46 |
Revenue Estimate | 146.31M | 134.02M | 122.96M | 116.91M |
Revenue Actual | 144.98M | 147.69M | 132.53M | 122.38M |
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 FY 2022, expecting earnings between $2.4 and $2.55 per share.
To track all earnings releases for CTS visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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