Coda Octopus Group Inc reports results for the quarter ended April 30 - Earnings Summary

• Coda Octopus Group Inc CODA.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 13 cents. The lone analyst forecast for the quarter was for earnings of 3 cents per share.

• Revenue rose 31.8% to $7.02 million from a year ago; analysts expected $4.47 million.

• Coda Octopus Group Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $908.76 thousand.

• Coda Octopus Group Inc shares had risen by 23.9% this quarter and lost 1.3% so far this year.

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 $8.00

This summary was machine generated from LSEG data June 16 at 01:31 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)