Coda Octopus Group Inc reports results for the quarter ended October 31 - Earnings Summary

• Coda Octopus Group Inc CODA.OQ reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The lone analyst forecast for the quarter was for earnings of 7 cents per share.

• Revenue rose 41.8% to $5.06 million from a year ago; analysts expected $5.27 million.

• Coda Octopus Group Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $327 thousand.

• Coda Octopus Group Inc shares had risen by 7.0% 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 $11.00

This summary was machine generated from LSEG data January 29 at 02:32 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)