Recap: Energy Recovery Q1 Earnings

Energy Recovery ERII reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Energy Recovery beat estimated earnings by 38.46%, reporting an EPS of $-0.08 versus an estimate of $-0.13.

Revenue was down $19.14 million from the same period last year.

Last quarter the company beat on EPS by $0.11 which was followed by a 4.6% increase in the share price the next day.

Here's a look at Energy Recovery's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.15	0.10	-0.04	0.06
EPS Actual	0.26	0.12	0	0.16
Revenue Estimate	40.46M	34.50M	22.67M	29.00M
Revenue Actual	42.29M	30.46M	20.29M	32.55M

To track all earnings releases for Energy Recovery visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.