How reliable have CTS's earnings forecasts been?

CTS Corp's earnings forecasts have shown mixed reliability, largely due to the company's specific circumstances and industry challenges.

1. Historical Performance: CTS has beaten its EPS estimate 75.00% of the time in the past 12 months. This indicates a generally positive track record of meeting earnings expectations.
2. Recent Estimates: For Q4 2024, the earnings estimate was $0.56 per share, with a growth rate of 21.74%. This suggests optimism from analysts, despite a slight EPS surprise of -0.03, or -5.36%, reported for the same period.

3. Market Sentiment: Analysts have recently downgraded their earnings per share estimates, reflecting a decline in sentiment. This could be due to broader economic uncertainties or specific company challenges, such as supply chain issues.
4. Industry Comparison: While CTS's internal performance is generally reliable, the wider industry has only a 55.56% rate of beating EPS estimates. This suggests that CTS's performance is somewhat benchmarked against a challenging industry environment.
5. Future Outlook: The company's FY 2024 earnings guidance provided a range of $2.050 to $2.250 per share, slightly below the consensus estimate of $2.210. This could indicate a more cautious outlook from both the company and analysts.

In conclusion, while CTS has a history of meeting or exceeding earnings expectations, the recent downgrade in analyst estimates and the impact of industry challenges suggest that its future earnings forecasts may carry slightly more uncertainty.