Converge Technology Solutions Corp.
TSX:CTS Stock Report
Converge Technology Solutions Future Growth
Future criteria checks 1/6 Converge Technology Solutions is forecast to grow earnings and revenue by 145.4% and 1.3% per annum respectively. EPS is expected to grow by 143.1% per annum. Return on equity is forecast to be 30.6% in 3 years.
Key information
145.4%
Earnings growth rate
IT earnings growth 14.8% Revenue growth rate 1.3% Future return on equity 30.6% Analyst coverage Good
Last updated 13 Nov 2024
Recent future growth updates
Price target decreased by 12% to CA$5.77 Oct 25 Converge Technology Solutions Corp. Provides Earnings Guidance for the Three Months Ended June 30, 2024
Price target increased by 7.2% to CA$5.72 Nov 17
Consensus EPS estimates fall from profit to CA$0.03 loss Oct 22
Price target decreased by 8.7% to CA$5.33 Aug 10
Consensus EPS estimates fall by 27% Jul 26
Show all updates
Third quarter 2024 earnings: EPS misses analyst expectations Nov 13
Price target decreased by 12% to CA$5.77 Oct 25
New minor risk - Dividend sustainability Oct 24
Converge Technology Solutions Corp. to Report Q3, 2024 Results on Nov 12, 2024 Oct 22
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt? Sep 04
Upcoming dividend of CA$0.015 per share Aug 21
Second quarter dividend of CA$0.015 announced Aug 12
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Aug 09
Chief Financial Officer recently sold CA$231k worth of stock Jun 25
Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now Jun 21
Chief Financial Officer exercised options to buy CA$1.5m worth of stock. May 23
We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt May 23
Upcoming dividend of CA$0.015 per share May 15 Converge Technology Solutions Corp. Provides Earnings Guidance for the Three Months Ended June 30, 2024
First quarter 2024 earnings released: CA$0.009 loss per share (vs CA$0.009 loss in 1Q 2023) May 10
Is Converge Technology Solutions Corp. (TSE:CTS) Trading At A 49% Discount? May 02
Converge Technology Solutions Corp. to Report Q1, 2024 Results on May 09, 2024 Apr 20
Capital Allocation Trends At Converge Technology Solutions (TSE:CTS) Aren't Ideal Apr 11
Converge Technology Solutions Corp., Annual General Meeting, Jun 19, 2024 Apr 06
Converge Technology Solutions Corp. (TSE:CTS) Held Back By Insufficient Growth Even After Shares Climb 28% Mar 16
Converge Technology Solutions Corp. Declares Quarterly Dividend, Payable on March 26, 2024 Mar 08
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Mar 08
Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues Jan 31
Converge Technology Solutions Corp. to Report Q4, 2023 Results on Mar 06, 2024 Jan 30
Group CEO & Director recently bought CA$135k worth of stock Dec 08
Wendy Bahr Joins Converge Technology Solutions Corp.'s Board of Directors Dec 05
Upcoming dividend of CA$0.01 per share at 1.0% yield Dec 05
Price target increased by 7.2% to CA$5.72 Nov 17
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Nov 16
Converge Technology Solutions Corp. Declares Third Quarter Dividend on Common Share, Payable on December 28, 2023 Nov 15
Investor sentiment improves as stock rises 20% Nov 15
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt? Nov 08
Converge Technology Solutions Corp. to Report Q3, 2023 Results on Nov 14, 2023 Oct 25
Consensus EPS estimates fall from profit to CA$0.03 loss Oct 22
Investor sentiment deteriorates as stock falls 15% Oct 18
Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital Oct 18
Converge Technology Solutions Appoints Patrick Haupt as Managing Director of Converge Germany, Effective December 1, 2023 Oct 12
Upcoming dividend of CA$0.01 per share at 1.5% yield Aug 31
Investor sentiment deteriorates as stock falls 20% Aug 16
Converge Technology Solutions Corp. Announces Second Quarter Dividend, Payable on September 22, 2023 Aug 11
Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59? Aug 11
New minor risk - Profit margin trend Aug 10
Second quarter 2023 earnings released: CA$0.017 loss per share (vs CA$0.056 profit in 2Q 2022) Aug 10
Price target decreased by 8.7% to CA$5.33 Aug 10
Consensus EPS estimates fall by 27% Jul 26
Converge Technology Solutions Corp. to Report Q2, 2023 Results on Aug 09, 2023 Jul 22
Investor sentiment improves as stock rises 17% Jun 01
Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital May 31
Investor sentiment improves as stock rises 25% May 18
Consensus EPS estimates fall by 74% May 16
Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)? May 11
Price target decreased by 7.3% to CA$7.37 May 11
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind May 11 Converge Technology Solutions Corp. Appoints Avjit Kamboj to Chief Financial Officer
Investor sentiment deteriorates as stock falls 16% Apr 25
Consensus revenue estimates fall by 14% Mar 22
Full year 2022 earnings: EPS misses analyst expectations Mar 16
Investor sentiment deteriorates as stock falls 16% Feb 16 Converge Technology Solutions Corp. to Report Q4, 2022 Results on Mar 15, 2023
We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS) Feb 11
Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today? Jan 20
Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)? Jan 04
Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet Nov 29
Investor sentiment improved over the past week Nov 28
Converge Technology Solutions Corp. Forms Special Committee of Independent Directors Nov 23
Chairman of the Board recently bought CA$172k worth of stock Nov 20
Price target decreased to CA$9.14 Nov 16
Price target decreased to CA$9.45 Nov 10
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Nov 10
Converge Technology Solutions Corp. (TSX:CTS) completed the acquisition of Stone Technologies Group Limited. Nov 08
Consensus forecasts updated Nov 01
Investor sentiment deteriorated over the past week Oct 31
Converge Technology Solutions Corp. to Report Q3, 2022 Results on Nov 08, 2022 Oct 27
Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital Oct 04
Investor sentiment improved over the past week Oct 03
Converge Technology Solutions Corp. (TSX:CTS) agreed to acquire Stone Technologies Group Limited. Sep 23
We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease Sep 16
Converge Technology Solutions Corp. (TSX : CTS) acquired Newcomp Analytics Inc. for CAD 20.3 million. Sep 13
Price target decreased to CA$10.48 Sep 08
Lead Independent Director recently bought CA$60k worth of stock Sep 02
Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet Aug 29
Investor sentiment improved over the past week Aug 16
Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors Aug 11
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Aug 10
Converge Technology Solutions Corp. Announces Greg Berard as North American CEO Aug 10
Converge Technology Solutions Corp. (TSX:CTS) completed the acquisition of PC Specialists, Inc. Aug 03
High number of new directors Jul 31
Converge Technology Solutions Corp. (TSX:CTS) acquired Gesellschaft für digitale Bildung/Institut für moderne Bildung/DEQSTER. Jul 30
Converge Technology Solutions Corp. to Report Q2, 2022 Results on Aug 09, 2022 Jul 28
Consensus forecasts updated Jul 26
Converge Technology Solutions (TSE:CTS) Shareholders Will Want The ROCE Trajectory To Continue Jun 28
Earnings and Revenue Growth Forecasts TSX:CTS - Analysts future estimates and past financials data (CAD Millions) Date Revenue Earnings Free Cash Flow Cash from Op Avg. No. Analysts 12/31/2026 2,588 N/A 157 141 4 12/31/2025 2,602 52 120 138 9 12/31/2024 2,535 -166 195 216 8 9/30/2024 2,562 -163 316 327 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 -11 132 145 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
Show more
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 (1.3% per year) is forecast to grow slower than the Canadian market (7.2% per year).
High Growth Revenue: CTS's revenue (1.3% 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%)
Discover growth companies Simply Wall St™ Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
{"enabled":true,"variant":{"name":"control","enabled":true,"feature_enabled":true,"featureEnabled":true},"flagsReady":true,"flagsError":null}
