Aris Water Solutions, Inc. (ARIS) Matches Q2 Earnings Estimates

Company Performance - Aris Water Solutions, Inc. reported quarterly earnings of $0.18 per share, matching the Zacks Consensus Estimate, but down from $0.22 per share a year ago [1] - The company posted revenues of $101.12 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 3.33% and up from $96.63 million year-over-year [1] - Over the last four quarters, Aris Water Solutions has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [1] Stock Movement and Outlook - Aris Water Solutions shares have increased approximately 70.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.7% [2] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [2][3] Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $103.28 million, and for the current fiscal year, it is $0.88 on revenues of $410.81 million [4] - The estimate revisions trend for Aris Water Solutions is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] - The Waste Removal Services industry, to which Aris Water Solutions belongs, is ranked in the bottom 36% of over 250 Zacks industries, which may impact stock performance [5]