Energy Recovery Q4 2023 Adj EPS $0.39 Beats $0.38 Estimate, Sales $57.19M Miss $63.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Recovery (ERII) reported Q4 2023 adjusted EPS of $0.39, surpassing the $0.38 estimate, but its sales of $57.19M fell short of the $63.57M estimate. This represents a 35.23% increase in sales compared to the same period last year.
February 21, 2024 | 9:01 pm
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NEUTRAL IMPACT
Energy Recovery reported a mixed Q4 2023 result with earnings beating estimates but sales missing expectations.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral short-term stock price movement. Investors may weigh the positive earnings surprise against the sales miss, leading to uncertain price direction in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100