ReactionBecause CTS is not covered by the (usually quick) Big 5, we may have to wait awhile for analyst reactions. Based on my targets, I see coverage from Echelon, Desjardins, Raymond James, Laurentian Bank, Canaccord and Cormark. If any of you are clients, perhaps you can post once released. In the meantime, I did find this. GLTA
CTS missed sales estimates by 4% and earnings estimates by 60% (my note: not sure if the non inclusion of Viacom Infinity and Infinity Systems was a factor). The stock had had a huge run and expectations were very high.
That said, revenue rose 52% to $343M while the EBITDA rose 86%. The balance sheet is much stronger now and solid earnings growth is still expected.
So said 5iResearch.