Coda Octopus GroupCODA stock rose by 0.9% on Wednesday after the company reported its Q3 earnings results on Tuesday, September 14, 2021 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Coda Octopus Group beat their estimated earnings by 8.33%, which did not surprise analysts.
Revenue was up $431,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15, which was followed by a 4.14% drop in the share price the next day.
Here's a look at Coda Octopus Group's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 0.12 | 0.05 | 0.03 | ||
| EPS Actual | 0.13 | 0.20 | 0.10 | 0.11 | 0.09 |
| Price Change % | 0.9% | -4.14% | 2.1% | 1.16% | -0.5% |
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
Coda Octopus Group earnings and revenue guidance hasn't been issued for now.
Listen to the earnings announcement yourself by clicking here.
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