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.

Earnings

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.

Past Earnings Performance

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.

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