Earnings Preview: CTS
Portfolio Pulse from Benzinga Insights
CTS (NYSE:CTS) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts estimating an EPS of $0.48. The company's past earnings performance shows mixed results, with a notable 3.7% share price drop after missing EPS estimates last quarter. Shares are currently trading at $42.13, down 3.11% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 05, 2024 | 3:01 pm
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CTS is expected to report an EPS of $0.48 for the upcoming quarter. Historical performance shows sensitivity to earnings reports, with a recent 3.7% drop after an EPS miss. Current share price is $42.13, reflecting a 3.11% decline over the past year.
CTS's upcoming earnings report is crucial given its history of share price volatility post-earnings announcements. The estimated EPS of $0.48, alongside past performance, suggests a cautious outlook. The recent 3.11% YTD decline in share price further underscores the importance of this earnings report for investors, potentially indicating a neutral short-term impact as market participants may have already adjusted expectations based on past performance and current share price trends.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100