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.
Earnings
RF Industries beat their estimated earnings by 62.5%, which surprised analysts.
Revenue was up $5,713,000 from the same period last year.
Past Earnings Performance
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).
Guidance
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.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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