CTS Earnings: Everything You Must Know Now

CTS Corporation (NYSE:CTS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

CTS Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 0% to $0.2 in the quarter versus EPS of $0.20 in the year-earlier quarter.

Revenue: Decreased 1.77% to $151.56 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CTS Corporation reported adjusted EPS income of $0.2 per share. By that measure, the company missed the mean analyst estimate of $0.23. It missed the average revenue estimate of $156.9 million.

Quoting Management: Commenting on second quarter results, Kieran O’Sullivan, CTS CEO, stated, “We improved earnings and have taken steps to simplify our manufacturing footprint while improving operating margins. We are focused on the challenges in our EMS business where we have taken actions to strengthen our sales growth. The management team is progressing with the strategic analysis as we clarify the Company’s future identity and vision to maximize shareholder return.”

Key Stats (on next page)…

Revenue increased 1.37% from $149.51 million in the previous quarter. EPS decreased 0% from $0.20 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.23 to a profit $0.28. For the current year, the average estimate has moved up from a profit of $0.77 to a profit of $0.8 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , ,  

More from The Cheat Sheet