SeaChange International(NASDAQ:SEAC) stock rose by 3.67% on Tuesday after the company reported its Q2 earnings results on Monday, September 13, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
SeaChange International beat their estimated earnings by 66.67%, which surprised analysts.
Revenue was up $1,545,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 7.32% drop in the share price the next day.
Here’s a look at SeaChange International’s past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.09 | -0.10 | -0.12 | -0.13 |
| EPS Actual | -0.03 | -0.07 | -0.09 | -0.10 | -0.14 |
| Price Change % | 3.67% | -7.32% | -13.14% | -4.03% | -18.66% |
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
SeaChange International earnings and revenue guidance hasn’t been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
