Energy Recovery (NASDAQ: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.
Earnings
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.
Past Earnings Performance
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.