Electronic components manufacturer CTS Corporation (NYSE:CTS) will be reporting results tomorrow before market hours. Here’s what investors should know.
CTS missed analysts’ revenue expectations by 4% last quarter, reporting revenues of $127.4 million, up 2.2% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
This quarter, analysts are expecting CTS’s revenue to grow 2.4% year on year to $128.7 million, a reversal from the 13.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CTS has missed Wall Street’s revenue estimates six times over the last two years.
Looking at CTS’s peers in the electronic components & manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Knowles’s revenues decreased 32.7% year on year, beating analysts’ expectations by 2.5%, and Amphenol reported revenues up 47.7%, topping estimates by 12.2%. Knowles traded up 2.6% following the results while Amphenol was also up 15.5%.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the electronic components & manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. CTS is down 4.2% during the same time and is heading into earnings with an average analyst price target of $43 (compared to the current share price of $39.80).
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