RF Industries(NASDAQ:RFIL) stock fell by 4.5% after the company reported their Q3 earnings results on Monday, September 13, 2021 at 04:00 PM.

Here’s what investors need to know about the announcement.

Earnings

RF Industries beat their estimated earnings by 62.5%, which surprised analysts.

Revenue was up $5,713,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.48, which was followed by a 0.88% drop in the share price the next day.

Here’s a look at RF Industries’s past performance and the resulting price change:

Quarter
Q3 2021
Q2 2021
Q1 2021
Q4 2020
Q3 2020
EPS Estimate
0.08
0.01

0.01
EPS Actual
0.13
0.49
-0.03
0.04
0.02
Price Change %
-4.5%
-0.88%
-2.28%
-12.65%
5.39%

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

RF Industries management provided guidance for their next quarterly earnings announcement, forecasting between $0.07 and $0.08 during Q4, 2019.

This presents a -42.31% in quarter-over-quarter growth for RF Industries, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

Read More