Converge Technology Earnings Estimate

CTS Stock  CAD 5.46  0.01  0.18%   
By analyzing Converge Technology's earnings estimates, investors can diagnose different trends across Converge Technology's analyst sentiment over time as well as compare current EPS estimates against different timeframes. Please be aware that the consensus of earnings estimates for Converge Technology Solutions is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Converge Technology is projected to generate 0.172175 in earnings per share on the 31st of December 2026. Converge Technology earnings estimates show analyst consensus about projected Converge Technology Solutions EPS (Earning Per Share). It derives the highest and the lowest estimates based on Converge Technology's historical volatility. Many public companies, such as Converge Technology, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Converge Technology's earnings estimates, investors can diagnose different trends across Converge Technology's analyst sentiment over time as well as compare current estimates against different timeframes. As of the 17th of March 2025, Gross Profit is likely to drop to about 367.8 M. In addition to that, Pretax Profit Margin is likely to grow to -0.07
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Converge Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Converge Technology Earnings per Share Projection vs Actual

About Converge Technology Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Converge Technology earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Converge Technology estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Converge Technology fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
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Last ReportedProjected for Next Year
Retained Earnings-241.9 M-229.8 M
Earnings Yield(0.27)(0.29)
Price Earnings Ratio(3.64)(3.82)

Pair Trading with Converge Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Converge Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Converge Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Converge Stock

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Moving against Converge Stock

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The ability to find closely correlated positions to Converge Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Converge Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Converge Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Converge Technology Solutions to buy it.
The correlation of Converge Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Converge Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Converge Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Converge Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Converge Stock

Converge Technology financial ratios help investors to determine whether Converge Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Converge with respect to the benefits of owning Converge Technology security.