Alert: New Earnings Report (11/8/23)-Computer Task Group Inc (NASDAQ: CTG).


For its third fiscal quarter (ending September 30), Computer Task Group Inc (NASDAQ: CTG) has reported a -175% decline in E.P.S. from $0.08 a year ago to $-0.06 in the current quarter. For the latest four quarters through September 30, E.P.S. were $0.03 versus $0.99 for the same period a year ago — a decline of -97%.


Recent Price Action

On 11/8/23, Computer Task Group Inc (NASDAQ: CTG) stock rose modestly by 0.8%, closing at $10.38. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CTG is expected to continue to be Value Creation neutral.

Computer Task Group has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Computer Task Group has a poor Appreciation Score of 26 but a very high Power Rating of 93, triggering the High Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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