CTS Corp. (CTS) Tops Q3 EPS by 7c, Raises Guidance

CTS Corp. (NYSE: CTS) reported Q3 EPS of $0.46, $0.07 better than the analyst estimate of $0.39. Revenue for the quarter came in at $122.4 million versus the consensus estimate of $117.7 million.

GUIDANCE:

CTS Corp. sees FY2021 EPS of $1.85-$1.95, versus the consensus of $1.76.

1. While management remains mindful of supply chain uncertainties, CTS has raised and narrowed its 2021 guidance for sales to $495 – $505 million from $480 – $500 million and for adjusted diluted EPS to $1.85 – $1.95 from $1.70 – $1.90.

For earnings history and earnings-related data on CTS Corp. (CTS) click here.

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