Cadiz Inc (NASDAQ:CDZI) Expected to Post Earnings of -$0.03 Per Share

Wall Street brokerages expect that Cadiz Inc (NASDAQ:CDZI) will report earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Cadiz’s earnings. The company is expected to issue its next quarterly earnings report on Friday, November 6th.

According to Zacks, analysts expect that Cadiz will report full-year earnings of ($0.35) per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $0.15 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cadiz.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.01). The firm had revenue of $0.15 million for the quarter.

CDZI has been the subject of several research analyst reports. BidaskClub raised Cadiz from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 9th. ValuEngine upgraded Cadiz from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd.

CDZI stock traded up $0.03 during midday trading on Wednesday, hitting $10.04. The stock had a trading volume of 91,346 shares, compared to its average volume of 188,919. The business has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $10.64. Cadiz has a 1-year low of $8.42 and a 1-year high of $12.97.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Cadiz by 0.3% during the 1st quarter. BlackRock Inc. now owns 1,116,534 shares of the company’s stock worth $13,030,000 after purchasing an additional 3,356 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cadiz by 26.4% in the first quarter. Geode Capital Management LLC now owns 346,115 shares of the company’s stock worth $4,039,000 after acquiring an additional 72,369 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Cadiz by 49.6% in the second quarter. Bank of New York Mellon Corp now owns 89,222 shares of the company’s stock valued at $906,000 after acquiring an additional 29,581 shares during the period. Swiss National Bank acquired a new position in shares of Cadiz during the second quarter worth approximately $788,000. Finally, UBS Group AG raised its position in shares of Cadiz by 12.6% during the first quarter. UBS Group AG now owns 63,383 shares of the company’s stock worth $740,000 after purchasing an additional 7,110 shares during the period. Hedge funds and other institutional investors own 20.54% of the company’s stock.

Cadiz Company Profile

Cadiz Inc operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.

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