Recap: Computer Task Group Q4 Earnings

Computer Task Group CTG reported its Q4 earnings results on Tuesday, February 22, 2022 at 06:55 AM.

Here's what investors need to know about the announcement.

Computer Task Group beat estimated earnings by 47.06%, reporting an EPS of $0.25 versus an estimate of $0.17.

Revenue was up $11.04 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 0.85% drop in the share price the next day.

Here's a look at Computer Task Group's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.10	0.12	0.11	0.12
EPS Actual	0.13	0.13	0.13	0.14
Revenue Estimate	91.18M	94.10M	93.22M	93.72M
Revenue Actual	90.60M	92.16M	97.13M	101.35M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Computer Task Group management provided guidance for their next quarter, expecting earnings between $0.64 and $0.72 per share for the next quarter.

This represents a 172.0% in quarter-over-quarter growth for Computer Task Group, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.