Arcadia Biosciences (RKDA) Set to Announce Quarterly Earnings on Wednesday

Arcadia Biosciences (NASDAQ:RKDA) is set to announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of ($1.13) per share for the quarter.

Arcadia Biosciences (NASDAQ:RKDA) last announced its quarterly earnings data on Friday, August 10th. The basic materials company reported ($2.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.73). The firm had revenue of $0.44 million during the quarter, compared to analysts’ expectations of $0.20 million. Arcadia Biosciences had a negative net margin of 928.72% and a negative return on equity of 360.93%. On average, analysts expect Arcadia Biosciences to post $-8 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Shares of RKDA stock opened at $3.94 on Wednesday. The firm has a market capitalization of $20.29 million, a price-to-earnings ratio of -0.57 and a beta of -5.59. Arcadia Biosciences has a fifty-two week low of $3.60 and a fifty-two week high of $66.56.

A number of research analysts have weighed in on RKDA shares. ValuEngine upgraded Arcadia Biosciences from a “strong sell” rating to a “sell” rating in a report on Friday, July 6th. HC Wainwright set a $20.00 price objective on Arcadia Biosciences and gave the company a “buy” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research lowered Arcadia Biosciences from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd.

About Arcadia Biosciences

Arcadia Biosciences, Inc, an agricultural food ingredient company, develops and commercializes health and nutrition ingredient traits worldwide. The company offers a suite of agricultural productivity traits, including nitrogen use efficiency, water use efficiency and drought tolerance, salinity tolerance, and herbicide tolerance traits.

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Earnings History for Arcadia Biosciences (NASDAQ:RKDA)

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