Recap: Energy Recovery Q4 Earnings

Energy Recovery ERII reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:05 PM.

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

Energy Recovery beat estimated earnings by 2.63%, reporting an EPS of $0.39 versus an estimate of $0.38.

Revenue was up $14.90 million from the same period last year.

Last quarter the company beat on EPS by $0.16 which was followed by a 22.9% increase in the share price the next day.

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

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.04	0.02	-0.13	0.15
EPS Actual	0.20	0	-0.08	0.26
Revenue Estimate	31.29M	24.52M	13.00M	40.46M
Revenue Actual	37.04M	20.72M	13.40M	42.29M

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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