Earnings AssessmentCTS EPS of $0.02 missed estimates of $0.05 and revenue of $367.349M beat estimates of $365.686M. The company has missed the most recent four EPS estimates, while mostly beating revenue estimates. Revenue of $367.3M increased by 93% over the prior year and gross profit margin came in at 22.8%. The company announced the completion of several acquisitions as well as announced new acquisitions and product offerings. Net profit margins increased over the prior year, the company continues to have very little debt, and the valuation is quite reasonable at these prices. It has a decent cash balance and generates positive free cash flows. Despite the earnings miss, we feel that this is a very positive quarter for the company, and it has demonstrated that its pipeline is quite active.
So said the team at 5iResearch who always like to see increasing profit margins. GLTA