Cadiz Inc reports results for the quarter ended in June - Earnings Summary

Cadiz

13/08/2024 16:16

* Cadiz Inc  CDZI.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in June.  The lone
analyst forecast for the quarter was for a loss of 10 cents per
share. 
    * Revenue fell 36.6% to $513.00 thousand from a year ago;
analysts
expected $4.00 million. 
    * Cadiz Inc's reported EPS for the quarter was a loss of 15
cents​.
    * The company reported a quarterly loss of $10.16 million.
    * Cadiz Inc shares had fallen by 2.6% this quarter and
gained 7.5%
so far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the water &
related
utilities peer group is also "buy"

Wall Street's median 12-month price target for Cadiz Inc is
$15.00 
This summary was machine generated from LSEG data August 13 at
03:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.10          -0.15          Missed