Enviri Q4 Adj. EPS $(0.07), Inline, Sales $529.00M Beat $490.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enviri (NYSE:NVRI) reported a Q4 adjusted EPS of $(0.07), meeting analyst estimates, with a significant decrease from last year's $0.01 per share. Quarterly sales reached $529M, surpassing the $490.22M estimate, marking a 12.96% increase from the previous year.
February 29, 2024 | 12:07 pm
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Enviri reported a Q4 adjusted EPS of $(0.07), in line with estimates, and sales of $529M, beating estimates and showing a 12.96% Y/Y growth.
Despite the adjusted EPS showing a significant decrease from the previous year, the fact that Enviri's sales not only beat the analyst consensus but also showed a notable year-over-year growth suggests a positive outlook. This could lead to increased investor confidence and potentially a positive short-term impact on NVRI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100