Cadiz (CDZI) Reports Q3 Loss, Misses Revenue Estimates

Financial Performance - Cadiz reported a quarterly loss of $0.12 per share, slightly worse than the Zacks Consensus Estimate of a loss of$0.11, and the same loss as the previous year [1] - The company posted revenues of $3.22 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 38.24$0.37 million a year ago [2] - Over the last four quarters, Cadiz has not surpassed consensus EPS or revenue estimates [2] Stock Performance - Cadiz shares have increased approximately 21.1% since the beginning of the year, while the S&P 500 has gained 25.5% [3] - The current Zacks Rank for Cadiz is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of$7.6 million, and for the current fiscal year, it is -$0.46 on revenues of$14.45 million [7] - The trend of estimate revisions for Cadiz is mixed, which could change following the recent earnings report [6] Industry Context - The Agriculture - Operations industry, to which Cadiz belongs, is currently in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]