Enviri Expects Q2 Adjusted EPS Of $0.03 To $(0.05), Est $0.01
Portfolio Pulse from Benzinga Newsdesk
Enviri (NVRI) updates its Q2 adjusted EPS forecast to $0.03 to $(0.05), against an estimated $0.01. For 2024, the adjusted EPS outlook is revised to $0.12 to $(0.09), including Harsco Rail, from a previous range of $(0.00) to $(0.25), excluding Harsco Rail.
May 02, 2024 | 11:14 am
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Enviri updates its Q2 and 2024 adjusted EPS forecasts, showing an improvement and inclusion of Harsco Rail in its future earnings.
The revision of EPS forecasts by Enviri indicates a positive outlook for the company's financial performance, especially with the inclusion of Harsco Rail in its 2024 projections. This update is likely to be viewed positively by investors, as it suggests an improvement in the company's earnings potential compared to previous estimates. The adjustment from a potential loss to a narrower loss or even a profit range for 2024, especially, could lead to increased investor confidence and potentially a short-term uptick in NVRI's stock price.
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