How does ERII's 2024 earnings trend look overall?

Energy Recovery's (ERII) 2024 earnings trend shows a generally positive outlook with strong revenue growth and solid earnings performance, although there were some fluctuations and missed estimates in specific quarters. 1. **Overall Revenue Growth**: Energy Recovery experienced a 17.3% year-on-year revenue growth, with an estimated $67.39 million in revenue for 2024. This indicates a robust market performance and operational efficiency. 2. **Quarterly Performance**: - **Q1 and Q2**: Specific earnings estimates for Q1 and Q2 2024 are not available, but the company's performance in 2023 showed a revenue growth of 21% over the prior year, suggesting a positive start to the year. - **Q3**: Energy Recovery reported total revenues of $38.58 million for Q3 2024, which was a 4.2% year-on-year increase and a 2.5% beat over analysts' expectations. This indicates a strong quarterly performance. - **Q4**: The estimated EPS for Q4 2024 is $0.4, which, along with the total revenue, provides a clear picture of the company's earnings potential for the period. 3. **Earnings Performance**: - **Q3 Earnings**: The company reported earnings of $0.21 per share for Q3 2024, which was a significant beat over the Zacks Consensus Estimate of $0.14 per share. This represents a positive earnings surprise and reflects strong profitability for the period. - **Q4 Earnings**: Although specific earnings figures for Q4 2024 are not available, the company's history of beating estimates and the robust revenue growth suggest that Q4 earnings are likely to be strong as well. 4. **Analyst Expectations and Historical Performance**: Analysts expect revenue to grow by 9.2% over the next 12 months, which is an improvement compared to the last two years. This indicates a positive outlook for Energy Recovery's future earnings. 5. **Conclusion**: Energy Recovery's 2024 earnings trend is predominantly positive, with the company demonstrating strong revenue growth and exceeding earnings expectations in certain quarters. While there may have been some fluctuations and missed estimates in specific quarters, the overall trend points to a healthy financial performance for the year.