Cadiz (CDZI) to Release Quarterly Earnings on Tuesday

Cadiz (NASDAQ:CDZI) is anticipated to announce its earnings results before the market opens on Tuesday, May 13th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $4.77 million for the quarter.

Cadiz (NASDAQ:CDZI) last released its earnings results on Friday, March 28th. The company reported ($0.14) earnings per share 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 firm had revenue of $4.75 million during the quarter, compared to analysts’ expectations 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 Price Performance

NASDAQ:CDZI opened at $3.03 on Monday. Cadiz has a one year low of $2.13 and a one year high of $5.68. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36. The stock has a market cap of $248.05 million, a PE ratio of -5.94 and a beta of 1.77. The stock has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.86.

Wall Street Analyst Weigh In

CDZI has been the subject of several recent analyst reports. Roth Capital began coverage on Cadiz in a research note on Thursday, April 17th. They set a “buy” rating and a $10.00 target price for the company. StockNews.com upgraded Cadiz to a “sell” rating in a report on Wednesday, March 5th.

About Cadiz

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.