Energy Recovery's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Energy Recovery (NASDAQ:ERII) is anticipated to report a quarterly earnings per share (EPS) of $0.38 on Wednesday, 2024-02-21. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows that Energy Recovery's stock price reacts significantly to earnings performance and guidance. Last quarter, the company exceeded EPS estimates by $0.16, leading to a 22.9% stock price increase the following day. However, over the last 52 weeks, ERII shares have declined by 24.46%, indicating a bearish sentiment among long-term shareholders.
February 20, 2024 | 5:01 pm
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Energy Recovery is expected to report a quarterly EPS of $0.38. Historical performance suggests significant stock price movement following earnings announcements, especially if guidance is positive.
Energy Recovery's stock price has historically shown sensitivity to earnings performance and guidance. Given the anticipation of a positive earnings report and the company's history of exceeding EPS estimates, there is a strong potential for stock price appreciation in the short term, especially if the company provides optimistic future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100