Energy Recovery Inc expected to post earnings of 38 cents a share - Earnings Preview

Energy Recovery

19/02/2024 21:31

* Energy Recovery Inc  ERII.OQ   ERII.O  is expected to show
a
rise in quarterly revenue when it reports  results on February
21 for the period ending December 31 2023
    * The San Leandro California-based  company is expected to
report
a 50.3% increase in revenue to $63.566 million from $42.29
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Energy Recovery Inc is
for
earnings of 38 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 $21.50​, above​ its last closing price of $16.18. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.06        0.05       0.17      Beat    223.8
 Jun. 30 2023  -0.01       -0.01      -0.03     Missed  -200
 Mar. 31 2023  -0.13       -0.13      -0.11     Beat    17.5​
 Dec. 31 2022  0.15        0.15       0.24      Beat    56.5
 ​​Sep.        0.10        0.10       0.09      Missed  -12.2
 30 2022                                                
 Jun. 30 2022  -0.04       -0.04      -0.04     Met     -9.1​
 Mar. 31 2022  0.06        0.06       0.14      Beat    124
 Dec. 31 2021  0.12        0.11       0.09      Missed  -20.6
 This summary was machine generated February 19 at 21:31 GMT. 
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)