Energy Recovery (ERII) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- -$0.03
- Estimate
- -$0.04
- Surprise
- +14.3%
- Revenue (period 2026-06-30)
- $12.0M
- Score at report (before → after)
- 6.8 → 6.5/10
Revenue source: xbrl.
How the report landed
Energy Recovery (ERII) reported a narrower loss than forecast — diluted EPS of -$0.03 against the -$0.04 estimate (a 14.3% beat on a still-unprofitable quarter). TrendMatrix's engine moved from Buy (Wait) (6.8/10) to Sell at 6.5/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ERII Hold at 5.2/10.
2 of the last 4 quarters beat the estimate; this quarter's +14.3% surprise compares with a -8.1% four-quarter average. Next scheduled report: 2026-11-04.
What argues against it
- Target reached (-4.2% upside)
- Market cap $360M below $400M minimum
- Momentum score 2.1/10 — below 4.5 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $7.10
- Price target
- $7.89
- Stop
- $6.68
- Upside to target
- +11.1%
The stock trades at 27.2× trailing but 21.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 27 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.
ERII at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Pollution & Treatment Controls
- Market cap
- $360.4M
- P/E (fwd)
- 21.1
- P/E (ttm)
- 27.2
- 52-week range
- $6.89–$18.32
- Off 52-week high
- 61.2%
- RSI (14)
- 27
- Volume vs avg
- 0.88×
- Score today
- 5.2/10