Energy Recovery (Nasdaq: ERII) is expected to report Q4 earnings on March 6. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Energy Recovery's revenues will grow 123.9% and EPS will remain in the red.

The average estimate for revenue is $13.7 million. On the bottom line, the average EPS estimate is -$0.02.

Revenue details
 Last quarter, Energy Recovery logged revenue of $10.5 million. GAAP reported sales were much higher than the prior-year quarter's $4.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at -$0.03. GAAP EPS were -$0.04 for Q3 versus -$0.22 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 55.3%, much better than the prior-year quarter. Operating margin was -15.6%, much better than the prior-year quarter. Net margin was -17.4%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $41.2 million. The average EPS estimate is -$0.13.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy Recovery is hold, with an average price target of $2.55.

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