Enviri Q3 Adj. EPS $0.05 Beats $(0.03) Estimate, Sales $524.59M Beat $510.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enviri (NYSE:NVRI) reported Q3 adjusted earnings of $0.05 per share, beating the analyst consensus estimate of $(0.03) by 266.67%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $524.59 million, beating the analyst consensus estimate of $510.02 million by 2.86%. This is a 7.74% increase from the same period last year.
November 02, 2023 | 11:08 am
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NEUTRAL IMPACT
Enviri's Q3 earnings and sales beat estimates, but earnings are down 50% YoY. Sales are up 7.74% YoY.
While Enviri beat earnings and sales estimates, the 50% YoY decrease in earnings could potentially offset the positive impact of beating estimates. The increase in sales YoY is a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100