Coda Octopus Group: Q3 Earnings Insights

 

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.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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