Stock Analysis

Coda Octopus Group Second Quarter 2024 Earnings: Beats Expectations

NasdaqCM:CODA
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Coda Octopus Group (NASDAQ:CODA) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$5.32m (flat on 2Q 2023).
  • Net income: US$1.42m (up 40% from 2Q 2023).
  • Profit margin: 27% (up from 19% in 2Q 2023).
  • EPS: US$0.13 (up from US$0.092 in 2Q 2023).
earnings-and-revenue-growth
NasdaqCM:CODA Earnings and Revenue Growth June 14th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coda Octopus Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 160%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Coda Octopus Group, and understanding them should be part of your investment process.

Valuation is complex, but we're helping make it simple.

Find out whether Coda Octopus Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Valuation is complex, but we're helping make it simple.

Find out whether Coda Octopus Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com