Energy Recovery Inc expected to post a loss of 13 cents a share - Earnings Preview

Energy Recovery

02/05/2023 03:01

* Energy Recovery Inc  ERII.OQ   ERII.O  is expected to show
a
fall in quarterly revenue when it reports  results on May 3. 
    * The San Leandro California-based  company is expected to
report 
a 60.1% decrease in revenue to $13 million from $32.55 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Energy Recovery Inc
is
for a loss of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Energy
Recovery
Inc is $26​, above​ its last closing price of $22.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.15        0.15       0.24      Beat    56.5
 Sep. 30 2022  0.10        0.10       0.09      Missed  -12.2
 Jun. 30 2022  -0.04       -0.04      -0.04     Met     -9.1​
 Mar. 31 2022  0.06        0.06       0.14      Beat    124
 ​​Dec.        0.12        0.11       0.09      Missed  -20.6
 31 2021                                                
 Sep. 30 2021  -0.01       0.00       0.02      Beat    500​
 Jun. 30 2021  0.03        0.01       0.02      Beat    50
 Mar. 31 2021  0.07        0.06       0.12      Beat    89.5
 This summary was machine generated May 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated