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

Enviri

02/11/2023 13:32

* Enviri Corp  NVRI.N  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 10
cents.  The mean expectation of four analysts for the quarter
was for a loss of 3 cents per share. Wall Street expected
results to range from -6 cents to -2 cents per share.
    * Revenue rose 7.7% to $524.59 million from a year ago;
analysts
expected $509.68 million. 
    * Enviri Corp's reported EPS for the quarter was a loss
of 11
cents​.
    * The company reported a quarterly loss of $10.8 million.
    * Enviri Corp shares had fallen by 19.5% this quarter and
lost 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$13.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.03          0.05           Beat
 Jun. 30 2023      -0.04          0.01           Beat
 Mar. 31 2023      -0.29          -0.11          Beat
 Dec. 31 2022      -0.07          0.01           Beat