PHILADELPHIA, July 11, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it will issue its second quarter 2024 earnings results on Thursday, August 1, 2024 prior to NYSE market open. The Company will also host its quarterly conference call and webcast that morning beginning at 9:00 a.m. ET. Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company's website at www.enviri.com. The live call also can be accessed using the bel ...

PHILADELPHIA, July 11, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it will issue its second quarter 2024 earnings results on Thursday, August 1, 2024 prior to NYSE market open. The Company will also host its quarterly conference call and webcast that morning beginning at 9:00 a.m. ET. Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company's website at www.enviri.com. The live call also can be accessed using the bel ...

Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times. Enviri (NVRI) is one of the several great candidates that made it through the screen. While there are numerous reasons why this ...

The investment community will be paying close attention to the earnings performance of Enviri in its upcoming release. The company is forecasted to report an EPS of $0, showcasing a 100% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $615.3 million, indicating a 18.29% upward movement from the same quarter last year. Our research demonstrates that these adjustments in estimates directly associate with imminent stoc ...

Core Viewpoint - Enviri is showing improvements in its CleanEarth business, with management successfully addressing previous challenges and achieving better margins, although macroeconomic pressures may limit growth in 2024 [3][5][9] Business Performance - CleanEarth's EBITDA margin improved to 15.1% in Q1'24, driven by a 2% revenue growth primarily from price adjustments, despite lackluster volumes [3] - The Environmental segment reported a 9% growth in Q1, with services up 13% but offset by declines in EcoProducts and aluminum processing [6] - Management anticipates flat performance for the remainder of 2024 due to tough year-ago comparisons and a slowdown in industrial activity [3][6] Future Outlook - Long-term growth opportunities exist in PFAS remediation, reshoring, and zero-waste initiatives, which could drive revenue beyond just industrial production proxies [3] - Expected revenue growth of 3% to 4% in the long term, with free cash flow (FCF) growth projected in the high single digits [8] - Management targets an EBITDA margin improvement to 15% by 2026/27 and 16% by 2030, with a current expectation of 13.5% for this year [8] Strategic Decisions - Enviri has decided to retain its Rail business after failing to receive satisfactory offers, indicating a focus on improving profitability before considering divestiture [7] - The company is heavily indebted, which constrains reinvestment into growth projects, with deleveraging prioritized for free cash flow [8] Market Conditions - The steel industry is facing challenges, with flat global volumes and weaker pricing impacting Enviri's metal reclamation operations [6] - Nickel prices have declined by about 20% year-over-year, affecting segment revenue, although the company is working on expanding its range of slag/waste-derived products [6]

Enviri (NVRI) shares rallied 6.1% in the last trading session to close at $8.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.5% loss over the past four weeks. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For GF ...

Enviri 3-Year Annual Growth Targets Include Mid-Single Digit Revenue Growth and 10 to 12 Percent Adjusted EBITDA Growth Enviri Debt Reduction to Continue with Credit Agreement Leverage (Ratio) Expected to Reach 2.5X by 2027 Event to Showcase Clean Earth's Strategy, Favorable Financial Attributes and Growth Potential Clean Earth's Adjusted EBITDA Margin Target Increased to 17 Percent, from 15 Percent Live Webcast to Begin at 9am Today (June 20) Enviri's Chairman and CEO, Nick Grasberger, and Senior Vice Pres ...

Enviri (NVRI) closed at $8.26 in the latest trading session, marking a -0.36% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.23% for the day. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq increased by 0.34%. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last ...

Moreover, the momentum for NVRI is fast paced, as the stock currently has a beta of 2.1. This indicates that the stock moves 110% higher than the market in either direction. Given this price performance, it is no surprise that NVRI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped NVRI earn a Za ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Enviri (NVRI) . Enviri currently has an average brokerage recomm ...