CaliberCos (NASDAQ:CWD) Announces Quarterly Earnings Results, Misses Estimates By $1.38 EPS

CaliberCos (NASDAQ:CWD) announced its quarterly earnings data on Thursday. The company reported ($1.70) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.38), Zacks reports. The firm had revenue of $3.64 million for the quarter, compared to the consensus estimate of $4.48 million. CaliberCos had a negative net margin of 103.28% and a negative return on equity of 5,004.67%.

CaliberCos Stock Performance

Shares of NASDAQ:CWD traded down $0.43 on Friday, hitting $2.34. The company’s stock had a trading volume of 184,531 shares, compared to its average volume of 136,272. CaliberCos has a 1 year low of $1.63 and a 1 year high of $48.00. The company has a 50-day simple moving average of $4.50 and a 200 day simple moving average of $3.70.

Analyst Ratings Changes

Several research analysts have recently weighed in on CWD shares. Zacks Research raised CaliberCos from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen upgraded shares of CaliberCos to a “sell” rating in a research note on Saturday, September 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of CaliberCos in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

CaliberCos Company Profile

Caliber (NASDAQ: CWD) is a vertically integrated alternative asset management firm whose purpose is to build generational wealth for investors seeking to access opportunities in middle-market assets. Caliber differentiates itself by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments which are managed by our in-house asset services group.