Computer Task Group (CTG) Reports In-Line Q1 EPS, Guides 2Q In-Line

Computer Task Group (NASDAQ: CTG) reported Q1 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $77 million versus the consensus estimate of $76.91 million.

GUIDANCE:

Computer Task Group sees Q2 2017 EPS of $0.04-$0.06, versus the consensus of $0.05. Computer Task Group sees Q2 2017 revenue of $77-79 million, versus the consensus of $78.96 million.

Outlook

CTG expects total revenue for the 2017 second quarter to range between $77.0 and $79.0 million with operating margin expected to be between 1.7% and 1.9%. Net income is expected to be between $0.04 and $0.06 per diluted share. There are 64 billing days in the second quarter 2017, the same as in the prior year second quarter. Second quarter 2016 earnings of $0.08 per diluted share included the benefit of $0.03 per diluted share related to foreign payroll tax credits.

For the full year 2017, CTG continues to expect revenue to range between $312.0 and $332.0 million with operating margin anticipated to be approximately 1.9%. Net income for the full year is expected to be between $0.19 and $0.29 per diluted share.

For earnings history and earnings-related data on Computer Task Group (CTG) click here.

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