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

Energy Recovery

05/05/2022 19:23

* Energy Recovery Inc  ERII.OQ  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 6 cents per share.
    * Revenue rose 12.5% to $32.55 million from a year ago; 
analysts
expected $29.00 million. 
    * Energy Recovery Inc's reported EPS for the quarter was 14
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.2%
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 fallen by 3.9% this
quarter and
lost 10.0% so far this year.
    * The company reported quarterly net income of $7.89
million.
    * Wall Street's median 12-month price target for Energy
Recovery
Inc is $27.50 
    * 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." 

This summary was machine generated May 5 at 06:23 p.m.  ​All
figures in US dollars unless otherwise stated