Energy Recovery Inc expected to post earnings of 1 cents a share - Earnings Preview

Energy Recovery

03/08/2021 22:57

* Energy Recovery Inc  ERII.OQ   ERII.O  is expected to show a
fall in quarterly revenue when it reports results on August 5. 
* The San Leandro, California-based company is expected to
report   a 49.7% decrease in revenue to $21.933 million from
$43.61 million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Energy Recovery Inc is
for earnings of 1 cents per share. For the same quarter last
year, the company reported earnings of 33 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "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 $24.5​, about 16.4% above​ its last closing price
of $20.47. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.07        0.06       0.12      Beat    89.5
 Dec. 31 2020  0.06        0.04       0.06      Beat    38.5
 Sep. 30 2020  0.05        0.03       0.10      Beat    207.7​
 Jun. 30 2020  0.12        0.10       0.33      Beat    230
 Mar.          0.00​       0.01       0.01      Met     0​
 31​ 2020​                                              
 Dec. 31 2019  -0.03       -0.02      -0.01     Beat    42.9​
 Sep. 30 2019  0.03        0.03       0.07      Beat    154.5
 Jun. 30 2019  0.06        0.05       0.07      Beat    55.6
 This summary was machine generated August 3 at 21:57 GMT.  All
figures in US dollars unless otherwise stated