Recap: Energy Recovery Q4 Earnings
Portfolio Pulse from Benzinga Insights
Energy Recovery (NASDAQ:ERII) reported Q4 earnings with an EPS of $0.39, beating estimates by 2.63% against an expected $0.38. Revenue increased by $14.90 million from the previous year. The company has a history of surpassing EPS estimates, leading to significant share price increases, such as a 22.9% rise following last quarter's earnings beat.
February 21, 2024 | 9:05 pm
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Energy Recovery reported a Q4 EPS of $0.39, surpassing estimates by 2.63% and showing a significant revenue increase from the previous year.
Energy Recovery's history of surpassing earnings estimates and the subsequent positive impact on its share price suggest a likely increase in the short term. The company's consistent performance improvement, as indicated by the revenue increase and EPS beat, reinforces this outlook.
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