Enviri Q2 2024 Adj. EPS $0.02 Beats $(0.01) Estimate, Sales $610.000M Miss $616.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enviri (NYSE:NVRI) reported Q2 2024 adjusted EPS of $0.02, beating the $(0.01) estimate, but missed sales estimates with $610 million versus $616.9 million expected. Sales increased by 17.27% year-over-year.
August 01, 2024 | 11:07 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Enviri (NYSE:NVRI) reported Q2 2024 adjusted EPS of $0.02, beating the $(0.01) estimate, but missed sales estimates with $610 million versus $616.9 million expected. Sales increased by 17.27% year-over-year.
The positive EPS surprise is likely to have a favorable impact on the stock price in the short term, despite the slight miss on sales. The significant year-over-year sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100