Energy Recovery (NASDAQ: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.
