Energy Recovery Inc reports results for the quarter ended in December - Earnings Summary

Energy Recovery

22/02/2023 22:02

* Energy Recovery Inc  ERII.OQ  reported quarterly adjusted
earnings of 24 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for earnings of 15 cents per share.
    * Revenue rose 26% to $42.29 million from a year ago;
analysts
expected $40.46 million. 
    * Energy Recovery Inc's reported EPS for the quarter was 24
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Energy Recovery Inc shares had risen by 3.1% this quarter.
    * The company reported quarterly net income of $13.73
million.
    * Wall Street's median 12-month price target for Energy
Recovery
Inc is $24.50 
    * 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." 

This summary was machine generated from Refinitiv data February
22 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.15           0.24           Beat
 Sep. 30 2022      0.10           0.09           Missed
 Jun. 30 2022      -0.04          -0.04          Met
 Mar. 31 2022      0.06           0.14           Beat