(Akoustis Technologies:AKTS) stock rose by 8.77% after the company reported their Q4 earnings results on Monday, August 30, 2021 at 07:01 PM.
Here's what investors need to know about the announcement.
Earnings
Akoustis Technologies miss their estimated earnings by 18.75%, which surprised analysts.
Revenue was up $1,791,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13, which was followed by a 3.61% drop in the share price the next day.
Here's a look at Akoustis Technologies's past performance and the resulting price change:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|---|
| EPS Estimate | -0.16 | -0.28 | |||
| EPS Actual | -0.19 | -0.15 | -0.22 | -0.31 | -0.19 |
| Price Change % | 8.77% | -3.61% | 11.74% | -2.93% | -0.12% |
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
Akoustis Technologies earnings and revenue guidance hasn't been issued for now.
Listen to the earnings announcement yourself by clicking here.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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