Cadiz (CDZI) Projected to Post Earnings on Tuesday

Cadiz (NASDAQ:CDZI) is expected to be releasing its earnings data before the market opens on Tuesday, May 13th. Analysts expect Cadiz to post earnings of ($0.11) per share and revenue of $4.77 million for the quarter.

Cadiz (NASDAQ:CDZI) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. The business had revenue of $4.75 million during the quarter, compared to analyst estimates of $8.44 million. On average, analysts expect Cadiz to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cadiz Stock Performance

Shares of NASDAQ:CDZI traded up $0.10 on Tuesday, reaching $2.99. 67,663 shares of the company’s stock were exchanged, compared to its average volume of 391,605. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. Cadiz has a twelve month low of $2.13 and a twelve month high of $5.68. The company has a fifty day moving average of $3.10 and a 200-day moving average of $3.87. The company has a market capitalization of $244.37 million, a price-to-earnings ratio of -5.85 and a beta of 1.77.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CDZI. StockNews.com upgraded Cadiz to a “sell” rating in a research report on Wednesday, March 5th. Roth Capital initiated coverage on Cadiz in a report on Thursday, April 17th. They issued a “buy” rating and a $10.00 target price on the stock.

Cadiz Company Profile

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.