CaliberCos (NASDAQ:CWD) Issues Earnings Results

CaliberCos (NASDAQ:CWD) issued its earnings results on Thursday. The company reported ($1.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($1.38), Zacks reports. CaliberCos had a negative return on equity of 75.95% and a negative net margin of 64.81%.The company had revenue of $3.64 million during the quarter, compared to the consensus estimate of $4.48 million.

CaliberCos Trading Down 15.5%

Shares of NASDAQ:CWD traded down $0.43 during trading on Friday, reaching $2.34. The stock had a trading volume of 184,531 shares, compared to its average volume of 2,306,073. The firm’s 50-day simple moving average is $4.50 and its 200 day simple moving average is $3.71. CaliberCos has a one year low of $1.63 and a one year high of $48.00. The company has a market capitalization of $13.05 million, a P/E ratio of -0.13 and a beta of -0.48.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CaliberCos in a research report on Wednesday, October 8th. Zacks Research upgraded CaliberCos from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded CaliberCos to a “sell” rating in a report on Saturday, September 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CaliberCos 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.