CTS (NYSE:CTS) released its Q1 earnings on Wednesday, May 1, 2024 at 08:00 AM. Here's what's important from the earnings announcement. Earnings CTS beat estimated earnings by 15.0%, reporting an EPS of $0.47 versus an estimate of $0.41. Revenue was down $20.24 million from the same period last year. Past Earnings Performance The company beat on EPS by $0.01 in the previous quarter, leading to a 7.000000000000001% drop share price change the next day. Here's a look at CTS's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.41 0.46 0.56 0.53 0.58 EPS Actual 0.47 0.47 0.54 0.59 0.61 Revenue Estimate 126.75M 124.51M 142.07M 146.07M 142.84M Revenue Actual 125.75M 124.69M 134.55M 145.18M 145.99M New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Guidance CTS management provided guidance for FY 2024, ...