Earnings Outlook For CTS.
CTS CTS is set to give its latest quarterly earnings report on Tuesday, 2022-02-08. Here’s what investors need to know before the announcement.
Analysts estimate that CTS will likely report an Earnings Per Share (EPS) of $0.47.
CTS bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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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).
Historical Earnings Performance.
Last quarter the company beat EPS by $0.10, which was followed by a 2.92% increase in the share price the next day.
Here’s a look at CTS’s past performance and the resulting price change:
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 Price Change % 2.92% 2.42% 8.8% -0.83%
Stock Performance.
Shares of CTS were trading at $32.45 as of February 04. Over the last 52-week period, shares are down 0.98%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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