Energy Recovery Q2 2024 Adj. EPS $0.09 Beats $(0.11) Estimate, Sales $27.199M Beat $22.876M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Recovery (NASDAQ:ERII) reported Q2 2024 adjusted EPS of $0.09, significantly beating the analyst estimate of $(0.11). The company also reported sales of $27.199 million, surpassing the $22.876 million estimate and marking a 31.25% increase from the same period last year.
July 31, 2024 | 8:52 pm
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Energy Recovery (NASDAQ:ERII) reported Q2 2024 adjusted EPS of $0.09, beating the analyst estimate of $(0.11) by 181.82%. Sales of $27.199 million also exceeded the $22.876 million estimate, marking a 31.25% increase from the same period last year.
The significant beat on both EPS and sales estimates, along with a strong year-over-year sales increase, is likely to positively impact ERII's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100