CTS: Q3 Earnings Insights

CTS CTS reported its Q3 earnings results on Wednesday, October 26, 2022 at 08:00 AM.

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

CTS reported in-line EPS of $0.62 versus an estimate of $0.62.

Revenue was up $29.53 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 1.69% increase in the share price the next day.

Here's a look at CTS's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.61	0.53	0.47	0.36
EPS Actual	0.62	0.67	0.49	0.46
Revenue Estimate	146.31M	134.02M	122.96M	116.91M
Revenue Actual	144.98M	147.69M	132.53M	122.38M

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).

CTS management provided guidance for FY 2022, expecting earnings between $2.4 and $2.55 per share.

To track all earnings releases for CTS visit their earnings calendar here.

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

Earnings Calendar