Computer Task Group (CTG) Tops Q2 EPS by 1c, Offers Q3 and FY Guidance

Computer Task Group (NASDAQ: CTG) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $75.5 million versus the consensus estimate of $78.05 million.

GUIDANCE:

Computer Task Group sees Q3 2017 EPS of $0.04-$0.06, versus the consensus of $0.07. Computer Task Group sees Q3 2017 revenue of $75-77 million, versus the consensus of $80.45 million.

John M. Laubacker, CTG’s Chief Financial Officer, commented, “Our revised full-year revenue guidance reflects the weaker demand we experienced from several of our large staffing clients in the second quarter, combined with the unexpected delay in issued purchase orders from one of our largest clients. Importantly, we are maintaining the midpoint of our full-year earnings guidance. Our expectations include ongoing diligent cost management as well as continued investments in sales and recruiting resources. We remain committed to driving growth and profitability and continue to be encouraged by the number and quality of opportunities in our pipeline. The progress we are making to secure new clients and projects, together with the strength of our customer expansion opportunities, makes us optimistic that we will return to year-over year revenue growth in the 2017 fourth quarter.”

Computer Task Group sees FY2017 EPS of $0.22-$0.26, versus the consensus of $0.24. Computer Task Group sees FY2017 revenue of $305-315 million, versus the consensus of $318.83 million.

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

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