Aris Water Solutions Q1 2024 Adj EPS $0.34 Beats $0.23 Estimate, Sales $103.406M Beat $96.516M Estimate
Portfolio Pulse from Benzinga Newsdesk
Aris Water Solutions (NYSE:ARIS) reported Q1 2024 adjusted EPS of $0.34, surpassing the $0.23 estimate, with a 47.83% beat. Sales reached $103.406M, exceeding the $96.516M forecast by 7.14%, marking a 12.92% increase from the previous year.

May 07, 2024 | 9:46 pm
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Aris Water Solutions reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.34 vs. the $0.23 estimate and sales of $103.406M vs. the $96.516M estimate.
Aris Water Solutions' significant beat on both earnings per share and sales estimates for Q1 2024 indicates strong financial performance and operational efficiency. The company's ability to exceed analyst expectations by a wide margin, especially with a 100% increase in EPS compared to the same period last year, suggests robust growth and could lead to positive investor sentiment, potentially driving the stock price up in the short term.
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