CTS (NYSE:CTS) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.
Analysts estimate that CTS will report an earnings per share (EPS) of $0.57.
The announcement from CTS is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Performance in Previous Earnings
Last quarter the company beat EPS by $0.01, which was followed by a 2.07% increase in the share price the next day.
Here's a look at CTS's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.41 | 0.46 | 0.56 |
| EPS Actual | 0.54 | 0.47 | 0.47 | 0.54 |
| Price Change % | 2.0% | 2.0% | -7.000000000000001% | -4.0% |
Performance of CTS Shares
Shares of CTS were trading at $47.75 as of October 25. Over the last 52-week period, shares are up 30.18%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for CTS visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
