This article first appeared on GuruFocus.

Energy Recovery Inc (NASDAQ:ERII) is set to release its Q3 2025 earnings on Nov 5, 2025. The consensus estimate for Q3 2025 revenue is $32.93 million, and the earnings are expected to come in at $0.09 per share. The full year 2025's revenue is expected to be $150.85 million and the earnings are expected to be $0.54 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 6 Warning Signs with ERII.

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Revenue estimates for Energy Recovery Inc (NASDAQ:ERII) have declined from $151.22 million to $150.85 million for the full year 2025 and increased from $169.84 million to $170.55 million for 2026 over the past 90 days. Earnings estimates have increased from $0.49 per share to $0.54 per share for the full year 2025 and increased from $0.66 per share to $0.72 per share for 2026 over the past 90 days.

In the previous quarter ending on 2025-06-30, Energy Recovery Inc's (NASDAQ:ERII) actual revenue was $28.05 million, which beat analysts' revenue expectations of $25.43 million by 10.31%. Energy Recovery Inc's (NASDAQ:ERII) actual earnings were $0.04 per share, which beat analysts' earnings expectations of $-0.007 per share by 671.43%. After releasing the results, Energy Recovery Inc (NASDAQ:ERII) was up by 7.56% in one day.

Based on the one-year price targets offered by 4 analysts, the average target price for Energy Recovery Inc (NASDAQ:ERII) is $16.50 with a high estimate of $20.00 and a low estimate of $14.00. The average target implies a downside of -1.84% from the current price of $16.81.

Based on GuruFocus estimates, the estimated GF Value for Energy Recovery Inc (NASDAQ:ERII) in one year is $24.89, suggesting an upside of 48.07% from the current price of $16.81.

Based on the consensus recommendation from 4 brokerage firms, Energy Recovery Inc's (NASDAQ:ERII) average brokerage recommendation is currently 2.0, indicating an \\"Outperform\\" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.