Aris Water Solutions Inc reports results for the quarter ended in September 30 - Earnings Summary

Aris Water Solutions

05/11/2024 07:57

* Aris Water Solutions Inc  ARIS.N  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 23 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 24 cents to 34
cents per share.
    * Revenue rose 12.5% to $112.31 million from a year ago;
analysts
expected $103.39 million. 
    * Aris Water Solutions Inc's reported EPS for the quarter
was 22
cents​.
    * The company reported quarterly net income of $16.43
million.
    * Aris Water Solutions Inc shares had fallen by 1.8% this
quarter and gained 97.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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 $19.50 
This summary was machine generated from LSEG data November 5 at
07:57 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
 Sep. 30 2024      0.30           0.34           Beat
 Jun. 30 2024      0.25           0.29           Beat
 Mar. 31 2024      0.23           0.34           Beat
 Dec. 31 2023      0.22           0.26           Beat