CTS Q2 Earnings Assessment
Portfolio Pulse from Benzinga Insights
CTS (NYSE:CTS) reported Q2 earnings with an EPS of $0.54, beating estimates by 2.0%, but revenue was down $15.02 million from last year. The company provided FY 2024 guidance with expected earnings between $2.05 and $2.25 per share. Competitors Methode Electronics, RF Industries, and Data I/O also released earnings, with mixed results.
August 08, 2024 | 12:43 pm
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NEGATIVE IMPACT
Data I/O reported an EPS of $-0.09, missing estimates by 800.0%. The stock price decreased by 4.3% the next day.
Data I/O's significant miss on EPS estimates led to a notable decline in stock price, indicating negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Methode Electronics reported an EPS of $-0.23, missing estimates by 15.0%. Despite the miss, the stock price increased by 1.32% the next day.
Despite missing EPS estimates, Methode Electronics saw a slight increase in stock price, indicating that investors may have anticipated worse results or are focusing on other positive aspects.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
CTS reported Q2 earnings with an EPS of $0.54, beating estimates by 2.0%. However, revenue was down $15.02 million from the same period last year. The company provided FY 2024 guidance with expected earnings between $2.05 and $2.25 per share.
CTS beat EPS estimates, which is generally positive for stock prices. However, the revenue decline may temper investor enthusiasm. The provided FY 2024 guidance is within a reasonable range, suggesting stable future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
RF Industries reported an EPS of $0.01, beating estimates by 150.0%. The stock price increased by 0.31% the next day.
RF Industries significantly beat EPS estimates, which is positive for the stock. The modest increase in stock price suggests cautious optimism among investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50