Energy Recovery (ERII) Set to Announce Quarterly Earnings on Wednesday
Energy Recovery (NASDAQ:ERII) is set to announce its Q214 earnings results on Wednesday, August 6th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $6.94 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.04. The company had revenue of $3.90 million for the quarter, compared to the consensus estimate of $8.77 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was down 38.9% on a year-over-year basis. On average, analysts expect Energy Recovery to post $-0.02 EPS for the current fiscal year and $0.10 EPS for the next fiscal year.
Energy Recovery (NASDAQ:ERII) traded down 2.84% on Tuesday, hitting $4.11. The stock had a trading volume of 177,131 shares. Energy Recovery has a 52 week low of $3.82 and a 52 week high of $7.75. The stock’s 50-day moving average is $4.92 and its 200-day moving average is $4.95. The company’s market cap is $211.7 million.
A number of analysts have recently weighed in on ERII shares. Analysts at TheStreet upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.52.
Energy Recovery, Inc is engaged in developing, manufacturing and selling of energy recovery devices and circulation pumps primarily for uses in seawater desalination plants that use reverse osmosis technology.
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