CTS Earnings Prediction
The chart below shows how CTS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CTS sees a +4.18% change in stock price 10 days leading up to the earnings, and a +4.88% change 10 days following the report. On the earnings day itself, the stock moves by -1.44%. This data can give you a slight idea of what to expect for the next quarter's release.
CTS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
127.44M
2.20%
-3.77%
Gross Margin
37.04%
9.81%
-4.17%
Operating Margin
15.89%
14.56%
-10.98%
Net Margin
10.68%
-13.10%
-24.31%
EPS
0.45
-8.16%
-26.23%
No Data Available
CTS Earnings Analysis
CTS Corp Corporation (CTS.N) Earnings Conference Call
Positive
Q4 Sales Increase: Sales for Q4 2024 reached $127 million, representing a 2% increase from Q4 2023.
End Market Sales Surge: Diversified end market sales increased by 28% in Q4 2024, highlighting strong performance in medical, aerospace, and defense sectors.
Diversified Market Sales Growth: Diversified end market sales accounted for 56% of total revenue in Q4 2024, indicating a successful shift towards these markets.
Gross Margin Improvement: Adjusted gross margin for the full year 2024 improved by 243 basis points compared to 2023, reflecting enhanced earnings quality.
Future Revenue Contributions: The company expects further revenue contributions from the SyQwest acquisition in 2025, supporting future growth initiatives.
Negative
Earnings Per Share Miss: CTS Corporation reported an EPS of $0.4471, missing expectations of $0.59 by 24.5%.
Sales Decline Overview: Total sales for the full year 2024 were $516 million, reflecting a decline of 6% compared to 2023.
Transportation Sales Decline: Transportation sales decreased by 18% in the fourth quarter compared to the same period last year, indicating significant weakness in this segment.
Book-to-Bill Ratio Stagnation: The book-to-bill ratio for the fourth quarter remained stagnant at 0.96, showing no improvement from the previous year and suggesting potential future revenue challenges.
Limited Organic Growth: Excluding the SyQwest acquisition, diversified end market sales only increased by 8% in the fourth quarter, indicating limited organic growth.
CTS FAQs
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CTS Earning Call Sentiment
CTS Corporation (NYSE:CTS) Q4 2024 Earnings Call Transcript
CTS.N
0.79%Positive
The company's earnings call reveals mixed results: a positive diversification strategy and an improved gross margin, but significant risks include an EPS miss, declining transportation sales, and a weak book-to-bill ratio. The Q&A section highlights concerns about tariffs and unclear timelines for product ramp-up. The lowered revenue guidance further contributes to a negative outlook, likely resulting in a stock price decline of 2% to 8%.
