Energy Recovery, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Energy Recovery, Inc. reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of four analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents to 1 cents per share.

• Revenue fell 65% to $11.20 million from a year ago; analysts expected $16.20 million.

• Energy Recovery, Inc.'s reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $6.33 million.

• Energy Recovery, Inc. shares had risen by 7.5% this quarter and lost 46.8% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Energy Recovery, Inc. is $8.00, about 10.4% above its last closing price of $7.17

This summary was machine generated from LSEG data November 4 at 11:34 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)