Aris Water Solutions Inc reports results for the quarter ended in December - Earnings Summary

Aris Water Solutions

29/02/2024 24:14

* Aris Water Solutions Inc  ARIS.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 22 cents per
share. Wall Street expected results to range from 19 cents to 26
cents per share.
    * Revenue rose 25.6% to $104.13 million from a year ago;
analysts
expected $96.66 million. 
    * Aris Water Solutions Inc's reported EPS for the quarter
was 17
cents​.
    * The company reported quarterly net income of $5.94
million.
    * Aris Water Solutions Inc shares had risen by 17.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Aris Water
Solutions Inc is $14.00 

This summary was machine generated from LSEG data February 29 at
12:13 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.22           0.26           Beat
 Sep. 30 2023      0.18           0.23           Beat
 Jun. 30 2023      0.12           0.22           Beat
 Mar. 31 2023      0.09           0.17           Beat