CTG trade ideas
Computer Task Group alert set for $6.50Computer Task Group, Inc. engages in the provision of information technology solutions and staffing services. The firm's services encompass the information technology business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the information technology solution. Its information technology solutions comprises of the implementation and optimization of packaged software applications; the development and deployment of customized software and solutions; and the design and distribution of complex technology components. It also recruits, retains, and manages information technology and other talent for its clients. The company was founded by Randolph A. Marks and G. David Baer on March 11, 1966 and is headquartered in Buffalo, NY.
CTG - Big Earning Report Creates Bullish MovementComputer Task Group (CTG) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this information technology staffing company would post earnings of $0.07 per share when it actually produced earnings of $0.06, delivering a surprise of -14.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Computer Task Group, which belongs to the Zacks Computers - IT Services industry, posted revenues of $100.41 million for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $92.67 million. The company has topped consensus revenue estimates four times over the last four quarters. (Source: finance.yahoo.com)
Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing. CTG provides these primary services to all of the markets that it serves. The services provided encompass the IT business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the IT solution. It provides administrative or warehouse employees to clients to supplement the IT resources. The Company promotes a portion of its services through five vertical market focus areas: technology service providers, manufacturing, healthcare (which includes services provided to healthcare providers, health insurers, and life sciences companies), financial services, and diversified industrials.
SHORT INTEREST
29.52K 06/28/19
P/E Ratio (with extraordinary items)
-21.42
Average Price Target: $7.38
Recommendation: BUY
CTG Detected possible stock repurchase!!!CTG: computer task gp inc
2018-03-16 06:55:15
Detected possible stock repurchase
