Cadiz Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Cadiz (NASDAQ:CDZI) Third Quarter 2022 Results
Key Financial Results
Net loss: US$7.81m (loss narrowed by 16% from 3Q 2021).
US$0.15 loss per share (improved from US$0.22 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cadiz Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 7.1%.
Looking ahead, revenue is forecast to grow 134% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Water Utilities industry in the US.
Performance of the American Water Utilities industry.
The company's shares are up 18% from a week ago.
We should say that we've discovered 4 warning signs for Cadiz (1 doesn't sit too well with us!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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