Energy Recovery Q2 Adj EPS $(0) and Sales $20.72M Miss $24.52M Estimate
Portfolio Pulse from saritha@benzinga.com
Energy Recovery (NASDAQ:ERII) reported Q2 sales of $20.72 million, missing the analyst consensus estimate of $24.52 million by 15.49 percent. However, this is a 2.12 percent increase over sales of $20.29 million the same period last year.
August 04, 2023 | 12:13 pm
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NEGATIVE IMPACT
Energy Recovery's Q2 sales missed analyst estimates by 15.49%, but showed a 2.12% YoY increase.
Energy Recovery's Q2 sales missed the analyst consensus, which could negatively impact investor sentiment and potentially lead to a short-term decrease in stock price. However, the YoY increase in sales might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100