Energy Recovery Q3 Adj EPS $0.20 Beats $0.04 Estimate, Sales $37.04M Beat $31.29M Estimate
Portfolio Pulse from bharat@benzinga.com
Energy Recovery (NASDAQ:ERII) reported Q3 earnings of $0.20 per share, beating the analyst consensus estimate of $0.04 by 400%. This is a 66.67% increase from the same period last year. The company also reported quarterly sales of $37.04 million, beating the analyst consensus estimate of $31.29 million by 18.36%. This is a 21.58% increase from the same period last year.
November 01, 2023 | 9:02 pm
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POSITIVE IMPACT
Energy Recovery reported a significant beat on both earnings and sales for Q3, indicating strong performance.
Energy Recovery's Q3 earnings and sales significantly exceeded estimates, which is likely to be viewed positively by investors and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100