Enviri Expects FY24 Adjusted Earnings Per Share Of $(0.00) - $(0.25) Loss Vs. $0.09 Estimate, Forecasts Q1 Adjusted EPS Of $(0.05) - $(0.13) Vs. $0.01 Estimate
Portfolio Pulse from Benzinga Newsdesk
Enviri (NVRI) forecasts a significant shift in its financial outlook for FY24, expecting an adjusted earnings per share (EPS) ranging from a loss of $0.00 to $0.25, compared to the previous estimate of a $0.09 gain. For Q1, the company anticipates an adjusted EPS between a loss of $0.05 to $0.13, versus the earlier $0.01 estimate.
February 29, 2024 | 12:11 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Enviri (NVRI) significantly revises its FY24 and Q1 earnings outlook, projecting losses contrary to previous gain estimates.
The revision of earnings forecasts by Enviri to project losses instead of gains for FY24 and Q1 is a significant negative development. This unexpected shift is likely to impact investor sentiment negatively, leading to potential short-term price declines. The magnitude of the revision, from a gain to a loss, underscores serious underlying challenges or changes in the company's operations or market conditions, which could erode investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100