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

Aris Water Solutions

02/11/2023 19:36

* Aris Water Solutions Inc  ARIS.N  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 2 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 14 cents to 22
cents per share.
    * Revenue rose 9.9% to $99.79 million from a year ago;
analysts
expected $96.27 million. 
    * Aris Water Solutions Inc's reported EPS for the quarter
was 18
cents​.
    * The company reported quarterly net income of $5.41
million.
    * Aris Water Solutions Inc shares had fallen by 17.2% this
quarter and lost 42.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
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," 1
"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 $14.00 
This summary was machine generated from LSEG data November 2 at
07:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.18           0.23           Beat
 Jun. 30 2023      0.12           0.22           Beat
 Mar. 31 2023      0.09           0.17           Beat
 Dec. 31 2022      0.18           0.06           Missed