SeaChange InternationalSEAC stock rose by 3.67% on Tuesday after the company reported its Q2 earnings results on Monday, September 13, 2021 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
SeaChange International beat their estimated earnings by 66.67%, which surprised analysts.
Revenue was up $1,545,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 7.32% drop in the share price the next day.
Here's a look at SeaChange International's past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.09 | -0.10 | -0.12 | -0.13 |
| EPS Actual | -0.03 | -0.07 | -0.09 | -0.10 | -0.14 |
| Price Change % | 3.67% | -7.32% | -13.14% | -4.03% | -18.66% |
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
SeaChange International earnings and revenue guidance hasn't been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
