CODA Earnings

CODA reported its FY2024Q2 earnings on 2024-06-12, showcasing a revenue of 5.32M against an estimate of 4.54M, resulting in a 17.2% surprise. The EPS was 0.13, surpassing the expected 0 by 0% . The stock experienced a 0.31% price change on the earnings day and a -8.17% change over the next five days, reflecting market reactions to the results.

Following CODA's FY2024Q2 earnings announcement on 2024-06-12, the stock price moved by 0.31% on the day of the release. Over the subsequent five days, it saw a -8.17% change. Historically, CODA's stock price tends to shift by an average of +1.69% in the 10 days leading up to earnings and +2.11% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate CODA’s annual revenue to reach 6.22M, while the EPS is projected at 0.07. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates No Change by 0% over the past three months, indicating analyst expectation in the company’s performance.

The correlation between CODA's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2025 were No Change by 0%, while EPS estimates moved No Change by 0% . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, CODA's stock price typically moves by +1.69% in the 10 days before its earnings and +2.11% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of 0.07 and revenue of 6.22M.

The earnings call indicates positive sentiment due to significant revenue growth, market share gains, and improved EBITDA performance. The Q&A highlights optimism about refinancing activity, Tier 1 client growth, and market recovery. While management expressed caution about short-term volume declines, they are optimistic about long-term growth and profitability. Additionally, the company is expanding into new channels and has a strong cash position. Despite some management hesitance on specifics, the overall outlook is positive, suggesting a stock price increase in the near term.