Coda Octopus Group Inc reports results for the quarter ended in January - Earnings Summary

Coda Octopus

18/03/2024 13:31

* Coda Octopus Group Inc  CODA.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 12 cents.  The lone analyst forecast for the
quarter was for earnings of one cent per share. 
    * Revenue fell 20.3% to $4.46 million from a year ago;
analysts
expected $3.99 million. 
    * Coda Octopus Group Inc's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $630
thousand.
    * Coda Octopus Group Inc shares had fallen by 8.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 90.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Coda
Octopus
Group Inc is $7.50 

This summary was machine generated from LSEG data March 18 at
01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      0.01           0.06           Beat
 Oct. 31 2023      0.09           -0.02          Missed
 Jul. 31 2023      0.12           0.09           Missed
 Apr. 30 2023      0.10           0.09           Missed