Monday, August 8, 2022 - C E C O Envir (CECE) reported upside earnings and revenues today. C E C O Envir's earnings came in at an EPS of $0.18 per share, 100.00% higher than estimates for an EPS of $0.09 per share. The firm's earnings are up 100% since reporting $0.09 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates. Analyst projections for C E C O Envir revenue came in at a consensus of $91.3 million. Second-Quarter revenues surpassed estimates for $105.4 million by $14.1 million (15%). The company achieved 34% growth year-over-year compared to the firm's revenue of $78.7 million from the year-ago quarter. The higher earnings growth relative to revenue signals C E C O Envir has improved its profit margin. The stock is up 8.77% to $8.76 after the report. C E C O Envir's earnings expanded faster than revenues, signaling widening profit margins. The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data. Trading in the five days leading up to the report earned C E C O Envir a Bullish Sentiment Rank from InvestorsObserver. Prior to the report, InvestorsObserver gave the stock an overall score of 87. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy. CECO Environmental Corp serves the energy, industrial and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil & gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.
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