Converge Technology Solutions Future Growth
Future criteria checks 1/6
Converge Technology Solutions is forecast to grow earnings and revenue by 136.4% and 1.4% per annum respectively. EPS is expected to grow by 125.6% per annum. Return on equity is forecast to be 30.6% in 3 years.
Key information
136.4%
Earnings growth rate
125.6%
EPS growth rate
| IT earnings growth | 14.2% |
| Revenue growth rate | 1.4% |
| Future return on equity | 30.6% |
| Analyst coverage | Good |
| Last updated | 13 Nov 2024 |
Recent future growth updates
Recent updates
Converge Technology Solutions (TSE:CTS) Has Announced A Dividend Of CA$0.015
Dec 02
Some Converge Technology Solutions Corp. (TSE:CTS) Shareholders Look For Exit As Shares Take 25% Pounding
Nov 16Converge Technology Solutions' (TSE:CTS) Dividend Will Be CA$0.015
Nov 15Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Sep 04Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now
Jun 21We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt
May 23Is Converge Technology Solutions Corp. (TSE:CTS) Trading At A 49% Discount?
May 02Capital Allocation Trends At Converge Technology Solutions (TSE:CTS) Aren't Ideal
Apr 11Converge Technology Solutions Corp. (TSE:CTS) Held Back By Insufficient Growth Even After Shares Climb 28%
Mar 16Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues
Jan 31Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Nov 08Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital
Oct 18Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?
Aug 11Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital
May 31Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?
May 11We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)
Feb 11Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?
Jan 20Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?
Jan 04Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Nov 29Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital
Oct 04We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease
Sep 16Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Aug 29Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors
Aug 11Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2027 | 2,722 | N/A | 135 | 157 | 1 |
| 12/31/2026 | 2,619 | N/A | 118 | 139 | 5 |
| 12/31/2025 | 2,584 | 28 | 113 | 136 | 11 |
| 12/31/2024 | 2,539 | -167 | 200 | 220 | 11 |
| 9/30/2024 | 2,562 | -163 | 319 | 327 | N/A |
| 6/30/2024 | 2,642 | -161 | 366 | 374 | N/A |
| 3/31/2024 | 2,656 | -1 | 304 | 312 | N/A |
| 12/31/2023 | 2,705 | -1 | 219 | 230 | N/A |
| 9/30/2023 | 2,695 | -11 | 135 | 145 | N/A |
| 6/30/2023 | 2,499 | 12 | 48 | 64 | N/A |
| 3/31/2023 | 2,349 | 27 | 83 | 101 | N/A |
| 12/31/2022 | 2,165 | 27 | 18 | 42 | N/A |
| 9/30/2022 | 1,831 | 37 | 9 | 31 | N/A |
| 6/30/2022 | 1,683 | 21 | 46 | 64 | N/A |
| 3/31/2022 | 1,514 | 10 | 45 | 61 | N/A |
| 12/31/2021 | 1,330 | 16 | 81 | 87 | N/A |
| 9/30/2021 | 1,312 | 10 | 34 | 42 | N/A |
| 6/30/2021 | 1,135 | 6 | 11 | 18 | N/A |
| 3/31/2021 | 1,017 | 1 | 11 | 18 | N/A |
| 12/31/2020 | 949 | -4 | 47 | 52 | N/A |
| 9/30/2020 | 874 | -4 | 84 | 85 | N/A |
| 6/30/2020 | 829 | -11 | 61 | 60 | N/A |
| 3/31/2020 | 759 | -9 | 53 | 54 | N/A |
| 12/31/2019 | 688 | -11 | 22 | 24 | N/A |
| 9/30/2019 | 609 | -17 | 10 | 9 | N/A |
| 6/30/2019 | 565 | -16 | 0 | 2 | N/A |
| 3/31/2019 | 510 | -20 | 1 | 4 | N/A |
| 12/31/2018 | 459 | -18 | -1 | 1 | N/A |
| 9/30/2018 | 376 | -18 | 8 | 14 | N/A |
| 6/30/2018 | 276 | -11 | N/A | 21 | N/A |
| 3/31/2018 | 173 | -5 | N/A | 3 | N/A |
| 12/31/2017 | 53 | -4 | N/A | 6 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CTS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CTS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CTS's revenue (1.4% per year) is forecast to grow slower than the Canadian market (7% per year).
High Growth Revenue: CTS's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTS's Return on Equity is forecast to be high in 3 years time (30.6%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 07:09 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Converge Technology Solutions Corp. is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin May | Berenberg |
| Deepak Kaushal | BMO Capital Markets Equity Research |
| Robert Young | Canaccord Genuity |