Energy Recovery Inc expected to post earnings of 5  cents a share - Earnings Preview

Energy Recovery

31/10/2023 01:53

* Energy Recovery Inc  ERII.OQ   ERII.O  is expected to show
a
rise in quarterly revenue when it reports  results 
    * The San Leandro California-based  company is expected to
report 
a 2.7% increase in revenue to $31.286 million from $30.46
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Energy Recovery Inc
is
for earnings of 5 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 $30.5​, above​ its last closing price of $14.16. ​​​

The company's guidance on August 2 2023 for the period ended
September 30 was for gross profit margin between 65% and 67%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.10        0.10       0.09      Missed  -12.2
 ​​Jun.        -0.04       -0.04      -0.04     Met     -9.1
 30 2022                                                
 Mar. 31 2022  0.06        0.06       0.14      Beat    124​
 Dec. 31 2021  0.12        0.11       0.09      Missed  -20.6
 Sep. 30 2021  -0.01       0.00       0.02      Beat    500
 This summary was machine generated October 31 at 01:53 GMT.  All
figures in US dollars  unless otherwise stated