Enviri (NYSE:NVRI – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.03)-($0.14) for the period, compared to the consensus estimate of ($0.03). Enviri also updated its FY 2024 guidance to -0.160–0.060 EPS.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets reduced their target price on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a report on Friday.
Check Out Our Latest Research Report on Enviri
Enviri Stock Performance
Enviri (NYSE:NVRI – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. Enviri’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS.
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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