Earnings Outlook For Coda Octopus Group

Coda Octopus Group CODA is set to give its latest quarterly earnings report on Wednesday, 2023-06-14. Here's what investors need to know before the announcement.

Analysts estimate that Coda Octopus Group will report an earnings per share (EPS) of $0.10.

Coda Octopus Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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).

Historical Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 2.1% drop in the share price the next day.

Here's a look at Coda Octopus Group's past performance and the resulting price change:

Stock Performance

Shares of Coda Octopus Group were trading at $10.15 as of June 12. Over the last 52-week period, shares are up 100.0%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Coda Octopus Group visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.