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Energy Recovery (ERII)
NASDAQ:ERII
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.39Last Year’s EPS
$0.34Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -15.01%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted record revenue achievements and promising growth in the water and CO2 segments, supported by successful project completions and strong financial performance. However, there are concerns about dependency on certain regions and potential project delays which could affect future revenue. The overall outlook remains positive due to strong execution and clear strategies for growth.Company Guidance
During Energy Recovery's third-quarter 2024 earnings call, guidance was provided, emphasizing the company's strong performance and future outlook. The company achieved a quarterly revenue record of $38.6 million, meeting the upper end of their guidance for the quarter, and projected a full-year revenue of $140 million to $150 million. The water segment saw significant growth, with revenue of $38.3 million, up 4% from Q3 2023 and 42% from Q2 2024. Notable projects included the Perur project in India and the Hassyan IPP project in Dubai, with substantial shipments expected in Q4. The wastewater segment saw a 46% increase in signed contracts, while the CO2 business progressed with 11 PX G sites installed, aiming for 30 to 50 by year-end. Despite economic and geopolitical concerns, the company reaffirmed its market position and financial guidance, including a gross margin range of 64% to 67% and reduced operating expense guidance of $76 million to $78 million.Record Quarterly Revenue
Total revenue of $38.6 million was achieved, setting a quarterly revenue record and reaching the upper end of guidance.
Water Segment Growth
Water revenue increased by 4% compared to the third quarter of 2023 and up 42% compared to the second quarter of 2024, driven by strong demand in the Middle East, North Africa, and India.
Desalination Projects Success
Successful shipments for major desalination projects in India and Dubai, with contracts totaling $27.5 million in Morocco and over $12 million in the UAE.
CO2 Business Progress
Installation of 11 sites for the PX G technology across the U.S. and Europe with promising energy efficiency results showing up to 30% improvement.
Strong Financial Position
Net income for the quarter was $8.5 million, and the company maintained a cash balance of $140 million.
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ERII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ERII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $17.86 | $17.86 | 0.00% |
| Jul 31, 2024 | $14.58 | $17.59 | +20.64% |
| May 01, 2024 | $14.65 | $13.04 | -10.99% |
| Feb 21, 2024 | $15.62 | $15.11 | -3.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Energy Recovery (ERII) report earnings?
Energy Recovery (ERII) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Energy Recovery (ERII) earnings time?
Energy Recovery (ERII) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ERII EPS forecast?
ERII EPS forecast for the fiscal quarter 2024 (Q4) is $0.39.
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