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

Aris Water Solutions

07/08/2024 07:57

* Aris Water Solutions Inc  ARIS.N  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 22 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 22 cents to 29
cents per share.
    * Revenue rose 4.6% to $101.12 million from a year ago;
analysts
expected $96.92 million. 
    * Aris Water Solutions Inc's reported EPS for the quarter
was 18
cents​.
    * The company reported quarterly net income of $5.97
million.
    * Aris Water Solutions Inc shares had fallen by 4.9% this
quarter and gained 77.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5% 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 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Aris Water
Solutions Inc is $19.75 
This summary was machine generated from LSEG data August 7 at
06:57 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
 Jun. 30 2024      0.25           0.29           Beat
 Mar. 31 2024      0.23           0.34           Beat
 Dec. 31 2023                     0.26           
 Sep. 30 2023      0.18           0.23           Beat