Zacks: Analysts Expect Clean Diesel Technologies, Inc. (CDTI) Will Announce Quarterly Sales of $9.95 Million

Analysts expect Clean Diesel Technologies, Inc. (NASDAQ:CDTI) to report sales of $9.95 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Clean Diesel Technologies’ earnings, with the highest sales estimate coming in at $11.7 million and the lowest estimate coming in at $8.2 million. Clean Diesel Technologies posted sales of $9.7 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The company is expected to report its next earnings report after the market closes on Monday, May 15th.

On average, analysts expect that Clean Diesel Technologies will report full year sales of $9.95 million for the current fiscal year. For the next year, analysts expect that the firm will report sales of $33.85 million per share, with estimates ranging from $30 million to $37.7 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Clean Diesel Technologies.

Separately, Roth Capital reiterated a “neutral” rating and set a $2.50 price target (up previously from $2.10) on shares of Clean Diesel Technologies in a report on Wednesday, April 19th.

Shares of Clean Diesel Technologies (NASDAQ:CDTI) opened at 3.21 on Wednesday. Clean Diesel Technologies has a 12-month low of $1.50 and a 12-month high of $5.21. The firm’s market cap is $50.41 million. The stock has a 50 day moving average price of $2.90 and a 200 day moving average price of $2.55.

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About Clean Diesel Technologies

Clean Diesel Technologies, Inc commercializes its material technology by manufacturing and distributing light duty vehicle catalysts, and heavy duty diesel emissions control systems and products to automakers, distributors, integrators and retrofitters. The Company operates through two business division segments: Catalyst, which develops and produces catalysts to reduce emissions from gasoline, diesel and natural gas combustion engines, and Heavy Duty Diesel Systems, which designs and manufactures verified exhaust emissions control solutions for a range of heavy duty diesel applications.

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