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

Energy Recovery

02/11/2022 21:03

* Energy Recovery Inc  ERII.OQ  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 10 cents per share.
    * Revenue rose 46.6% to $30.46 million from a year ago;
analysts
expected $34.50 million. 
    * Energy Recovery Inc's reported EPS for the quarter was 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.1%
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 20.4% this
quarter and
gained 21.8% so far this year.
    * The company reported quarterly net income of $4.79
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 from Refinitiv data November
2 at 09:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.10           0.09           Missed
 Jun. 30 2022      -0.04          -0.04          Met
 Mar. 31 2022      0.06           0.14           Beat
 Dec. 31 2021      0.11           0.09           Missed