Cadiz Inc reports results for the quarter ended June 30 - Earnings Summary

• Cadiz Inc CDZI.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of two analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -9 cents to -8 cents per share.

• Revenue rose 704.3% to $4.13 million from a year ago; analysts expected $4.18 million.

• Cadiz Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $9.02 million.

• Cadiz Inc shares had risen by 20.7% this quarter and lost 30.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• 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 2 "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 $12.50, about 71.1% above its last closing price of $3.61

This summary was machine generated from LSEG data August 14 at 03:40 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)