CTS Expects 2024 Sales Of $530M-$570M (Est. $550.358M), Adjusted EPS Of $2.10-$2.35 (Est. $2.29)
Portfolio Pulse from Benzinga Newsdesk
CTS Corporation projects its 2024 sales to be between $530M-$570M, closely aligning with the estimated $550.358M. The company also forecasts its adjusted EPS to range from $2.10-$2.35, which is in line with the estimated $2.29.
February 06, 2024 | 1:04 pm
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CTS Corporation projects its 2024 sales to be between $530M-$570M, closely aligning with the estimated $550.358M. The company also forecasts its adjusted EPS to range from $2.10-$2.35, which is in line with the estimated $2.29.
CTS Corporation's projection of its 2024 sales and adjusted EPS closely aligns with analysts' estimates, indicating a positive outlook for the company. This alignment suggests that CTS is on track to meet or potentially exceed market expectations, which could positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100