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CaliberCos, Inc. Class A (CWD)
NASDAQ:CWD
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 10, 2023
|% Change Since: 1.67%
|Next Earnings Date:Jun 22, 2023
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for Caliber with significant revenue growth, successful expansion initiatives, and cost reductions. However, the company still faces macroeconomic challenges and cash flow pressures. The positive achievements outweigh the existing challenges.Company Guidance
During the Caliber Third Quarter 2024 Earnings Call, the company provided positive guidance, highlighting metrics such as achieving positive adjusted EBITDA and platform earnings a quarter ahead of expectations. Caliber reported a 98.9% increase in platform revenue, driven by development and construction fees alongside higher fund management fees, which were based on 1% to 1.5% of unreturned capital contributions and 0.7% of the Hospitality Trust’s enterprise value. The company’s managed capital increased by 10.9% to $485.3 million, with originations of $61.4 million. Caliber also emphasized its strategic priorities, including increasing asset management revenue by 42% with its Hospitality Trust expansion and planning significant real estate acquisitions. They anticipate positive net operating income for the full year 2025, supported by cost savings that are expected to result in $6 million of annualized savings.Positive Adjusted EBITDA Achieved
Caliber achieved positive adjusted EBITDA and platform earnings one quarter ahead of their plan, indicating strong financial performance.
Significant Increase in Platform Revenue
Platform revenue increased by 98.9% to $7.4 million, driven by development and construction fees and higher fund management fees.
Expansion of Caliber Hospitality Trust (CHT)
Definitive agreement reached with Satori Collective to contribute seven hotels to CHT, increasing the asset center management from $234 million to $530 million.
Successful Cost Reduction Initiatives
Implemented cost savings strategies leading to a 60.8% decrease in consolidated expenses and a reduction in force of approximately 10% of employees.
Launch of New Qualified Opportunity Zone Fund Roll Up Program
Introduced an innovative QOF Roll Up Program, increasing managed capital by $14 million and offering solutions for single asset or family funds.
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CWD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $0.60 | $0.60 | 0.00% |
| Aug 12, 2024 | $0.54 | $0.56 | +3.70% |
| May 09, 2024 | $0.88 | $0.82 | -6.82% |
| Apr 15, 2024 | $0.90 | $0.90 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CaliberCos, Inc. Class A (CWD) report earnings?
CaliberCos, Inc. Class A (CWD) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is CaliberCos, Inc. Class A (CWD) earnings time?
CaliberCos, Inc. Class A (CWD) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWD EPS forecast?
CWD EPS forecast for the fiscal quarter 2024 (Q4) is -0.04.
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