Enviri Corp reports results for the quarter ended in June - Earnings Summary

Enviri

02/08/2024 11:13

* Enviri Corp  NVRI.N  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of four analysts for the quarter
was for breakeven results per share. Wall Street expected
results to range from -3 cents to 1 cents per share.
    * Revenue rose 17.3% to $609.99 million from a year ago;
analysts
expected $616.90 million. 
    * Enviri Corp's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $13.6 million.
    * Enviri Corp shares had risen by 44.0% this quarter and
gained 38.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 100%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Enviri Corp is
$14.50 
This summary was machine generated from LSEG data August 2 at
10:13 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.00           0.02           Beat
 Mar. 31 2024      -0.09          -0.03          Beat
 Dec. 31 2023      -0.07          -0.07          Met
 Sep. 30 2023      -0.03          0.05           Beat