RF Industries: Q3 Earnings Insights

RF IndustriesRFIL stock fell by 4.5% after the company reported their Q3 earnings results on Monday, September 13, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

RF Industries beat their estimated earnings by 62.5%, which surprised analysts.

Revenue was up $5,713,000 from the same period last year.

Last quarter the company beat on EPS by $0.48, which was followed by a 0.88% drop in the share price the next day.

Here's a look at RF Industries's past performance and the resulting price change:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.08	0.01			0.01
EPS Actual	0.13	0.49	-0.03	0.04	0.02
Price Change %	-4.5%	-0.88%	-2.28%	-12.65%	5.39%

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).

RF Industries management provided guidance for their next quarterly earnings announcement, forecasting between $0.07 and $0.08 during Q4, 2019.

This presents a -42.31% in quarter-over-quarter growth for RF Industries, a bearish signal to many investors.

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