Coda Octopus Group (NASDAQ:CODA) Releases Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Coda Octopus beat estimates: reported $0.08 EPS vs. a $0.06 consensus (beat by $0.02) and revenue of $6.71M vs. $6.23M, with a net margin of 15.55% and ROE of 7.36%.
• Shares opened at $13.62 and were trading down about 3.1%; the stock has a $153.5M market cap, a P/E of 37.83, 50-/200-day moving averages of $12.39/$10.08, and a 1-year range of $5.76–$17.28.
• Analysts and institutions remain cautiously positive: average rating is "Moderate Buy" (one Buy, one Hold) and institutional investors own 20.12%, with several funds recently initiating or increasing positions.

Coda Octopus Group (NASDAQ:CODA - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.02, FiscalAI reports. The company had revenue of $6.71 million during the quarter, compared to analyst estimates of $6.23 million. Coda Octopus Group had a net margin of 15.55% and a return on equity of 7.36%.

Coda Octopus Group Trading Down 3.1%

CODA stock opened at $13.62 on Tuesday. The company's 50 day moving average is $12.39 and its 200 day moving average is $10.08. The stock has a market cap of $153.50 million, a price-to-earnings ratio of 37.83 and a beta of 0.51. Coda Octopus Group has a 1-year low of $5.76 and a 1-year high of $17.28.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Coda Octopus Group in a research note on Monday, February 9th. Wall Street Zen lowered shares of Coda Octopus Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Coda Octopus Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Coda Octopus Group currently has an average rating of "Moderate Buy".

Hedge Funds Weigh In On Coda Octopus Group

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Coda Octopus Group by 5,475.0% during the 3rd quarter. Bank of America Corp DE now owns 3,122 shares of the company's stock valued at $25,000 after buying an additional 3,066 shares in the last quarter. Marshall Wace LLP purchased a new position in Coda Octopus Group in the second quarter worth $104,000. Quadrature Capital Ltd bought a new position in Coda Octopus Group in the fourth quarter valued at $104,000. Trexquant Investment LP bought a new position in Coda Octopus Group in the fourth quarter valued at $106,000. Finally, Jane Street Group LLC purchased a new stake in Coda Octopus Group during the fourth quarter valued at about $122,000. Institutional investors own 20.12% of the company's stock.

About Coda Octopus Group

Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company's product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.

The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.

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