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Akoustis Technologies: Q4 Earnings Insights

(Akoustis Technologies:AKTS) stock rose by 8.77% after the company reported their Q4 earnings results on Monday, August 30, 2021 at 07:01 PM. Here's what investors need to know about the announcement. Earnings Akoustis Technologies miss their estimated ea...

Benzinga · 09/01/2021 09:37

(Akoustis Technologies:AKTS) stock rose by 8.77% after the company reported their Q4 earnings results on Monday, August 30, 2021 at 07:01 PM.

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

Earnings

Akoustis Technologies miss their estimated earnings by 18.75%, which surprised analysts.

Revenue was up $1,791,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.13, which was followed by a 3.61% drop in the share price the next day.

Here's a look at Akoustis Technologies's past performance and the resulting price change:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate -0.16 -0.28
EPS Actual -0.19 -0.15 -0.22 -0.31 -0.19
Price Change % 8.77% -3.61% 11.74% -2.93% -0.12%

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

Akoustis Technologies earnings and revenue guidance hasn't been issued for now.

Listen to the earnings announcement yourself by clicking here.

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