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

Energy Recovery

05/11/2021 02:54

* Energy Recovery Inc  ERII.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for breakeven results per share.
* Revenue fell 24.2% to $20.78 million from a year ago; 
analysts expected $20.40 million. 
* Energy Recovery Inc's reported EPS for the quarter was 2
cents​.
* The mean earnings estimate of analysts had fallen by
about 150% 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 11.8% this quarter and
gained 55.9% so far this year.
* The company reported quarterly net income of $1.07 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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated November 5 at 02:54 a.m.
 ​All figures in US dollars unless otherwise stated