Converge Technology Solutions Corp.
TSX:CTS Stock Report
Converge Technology Solutions Past Earnings Performance Converge Technology Solutions's earnings have been declining at an average annual rate of -46.9%, while the IT industry saw earnings growing at 5.4% annually. Revenues have been growing at an average rate of 29.4% per year.
Key information
-46.9%
Earnings growth rate
IT Industry Growth -3.5% Revenue growth rate 29.4% Return on equity -46.5% Net Margin -6.3% Last Earnings Update 30 Sep 2024
Recent past performance updates
Third quarter 2024 earnings: EPS misses analyst expectations Nov 13
Converge Technology Solutions Corp. to Report Q3, 2024 Results on Nov 12, 2024 Oct 22
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Aug 09
First quarter 2024 earnings released: CA$0.009 loss per share (vs CA$0.009 loss in 1Q 2023) May 10
Converge Technology Solutions Corp. to Report Q1, 2024 Results on May 09, 2024 Apr 20
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Mar 08
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
Revenue & Expenses Breakdown
How Converge Technology Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History TSX:CTS Revenue, expenses and earnings (CAD Millions) Date Revenue Earnings G+A Expenses R&D Expenses 30 Sep 24 2,562 -163 544 0 30 Jun 24 2,642 -161 548 0 31 Mar 24 2,656 -1 549 0 31 Dec 23 2,705 -1 545 0 30 Sep 23 2,695 -11 534 0 30 Jun 23 2,499 12 511 0 31 Mar 23 2,349 27 470 0 31 Dec 22 2,165 27 419 0 30 Sep 22 1,831 37 374 0 30 Jun 22 1,683 21 329 0 31 Mar 22 1,514 10 289 0 31 Dec 21 1,330 16 257 0 30 Sep 21 1,312 10 224 0 30 Jun 21 1,135 6 195 0 31 Mar 21 1,017 1 182 0 31 Dec 20 949 -4 178 0 30 Sep 20 874 -4 171 0 30 Jun 20 829 -11 162 0 31 Mar 20 759 -9 149 0 31 Dec 19 688 -11 134 0 30 Sep 19 609 -17 116 0 30 Jun 19 565 -16 108 0 31 Mar 19 510 -20 94 0 31 Dec 18 459 -18 76 0 30 Sep 18 376 -18 61 0 30 Jun 18 276 -11 40 0 31 Mar 18 173 -5 23 0 31 Dec 17 53 -4 11 0
Quality Earnings: CTS is currently unprofitable.
Growing Profit Margin: CTS is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CTS is unprofitable, and losses have increased over the past 5 years at a rate of 46.9% per year.
Accelerating Growth: Unable to compare CTS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CTS is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-2.6%).
Return on Equity
High ROE: CTS has a negative Return on Equity (-46.47%), as it is currently unprofitable.
Return on Capital Employed
Discover strong past performing 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}
