Back to top

Image: Bigstock

Here's What Key Metrics Tell Us About Aris Water Solutions, Inc. (ARIS) Q3 Earnings

Read MoreHide Full Article

Aris Water Solutions, Inc. (ARIS - Free Report) reported $99.79 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 9.9%. EPS of $0.17 for the same period compares to $0.23 a year ago.

The reported revenue represents a surprise of +4.83% over the Zacks Consensus Estimate of $95.2 million. With the consensus EPS estimate being $0.16, the EPS surprise was +6.25%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Aris Water Solutions, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue/Barrel of Total Volumes: $0.71 versus $0.72 estimated by two analysts on average.
  • Direct Operating Costs/Barrel: $0.32 versus the two-analyst average estimate of $0.37.
  • Total Volumes thousands of barrels of water per day: 1,516 BBL/D versus the two-analyst average estimate of 1,418.6 BBL/D.
  • Total Water Solutions Volumes thousands of barrels of water per day: 460 BBL/D compared to the 387.93 BBL/D average estimate based on two analysts.
  • Produced Water Handling Revenue/Barrel: 1,056 BBL versus the two-analyst average estimate of 1,030.67 BBL.
View all Key Company Metrics for Aris Water Solutions, Inc. here>>>

Shares of Aris Water Solutions, Inc. have returned -14.5% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Aris Water Solutions, Inc. (ARIS) - free report >>

Published in