Enviri shares are trading lower after the company reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS guidance with its midpoint below estimates. Also, the company cut FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Enviri's shares dropped following disappointing Q3 results and lower-than-expected Q4 and FY24 EPS guidance.
October 31, 2024 | 6:50 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Enviri's shares are declining due to worse-than-expected Q3 financial results and lower guidance for Q4 and FY24 EPS.
The company's Q3 results were below expectations, and the guidance for Q4 and FY24 EPS was also lower than estimates. This negative financial outlook is likely to lead to a short-term decline in the stock price as investors react to the disappointing performance and guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100