Coda Octopus Group's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Coda Octopus Group (NASDAQ:CODA) reported a 27.86% increase in earnings to $1.01 million in Q2, while sales decreased by 5.25% to $5.30 million. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation. However, Q2 earnings per share of $0.09 did not meet analyst predictions of $0.1.
June 15, 2023 | 2:46 pm
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NEUTRAL IMPACT
Coda Octopus Group's Q2 earnings increased by 27.86% to $1.01 million, while sales decreased by 5.25% to $5.30 million. The company posted a 0.02% ROCE, indicating effective capital allocation, but missed analyst EPS predictions.
Coda Octopus Group's Q2 earnings increased, but sales decreased, and the company missed analyst EPS predictions. The 0.02% ROCE indicates effective capital allocation, which is a positive sign for the company's future performance. However, the missed EPS predictions may cause short-term uncertainty, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100