Enviri (NYSE:NVRI – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.03)-($0.14) for the period, compared to the consensus earnings per share estimate of ($0.03). Enviri also updated its FY 2024 guidance to -0.160–0.060 EPS.
Analyst Ratings Changes
Separately, BMO Capital Markets reduced their price objective on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday.
View Our Latest Stock Analysis on Enviri
Enviri Price Performance
Enviri (NYSE:NVRI – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The firm had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. During the same quarter last year, the company posted $0.05 EPS. The company’s revenue was down 3.9% on a year-over-year basis.
About Enviri
Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.
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