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

Coda Octopus

29/01/2024 15:20

* Coda Octopus Group Inc  CODA.OQ  reported a quarterly
adjusted
loss of 2 cents​​ per share for the quarter ended in October,
lower than the same quarter last year, when the company reported
EPS of 6 cents.  The lone analyst forecast for the quarter was
for earnings of 9 cents per share. 
    * Revenue fell 30.6% to $3.56 million from a year ago;
analysts
expected $5.48 million. 
    * Coda Octopus Group Inc's reported EPS for the quarter was
a loss
of 2 cents​.
    * The company reported a quarterly loss of $320 thousand.
    * Coda Octopus Group Inc shares had risen by 2.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Coda Octopus
Group Inc is $10.00 
This summary was machine generated from LSEG data January 29 at
03:20 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
 Oct. 31 2023      0.09           -0.02          Missed
 Jul. 31 2023      0.12           0.09           Missed
 Apr. 30 2023      0.10           0.09           Missed
 Jan. 31 2023      0.09           0.12           Beat