Envela (AMEX:ELA) reported its Q4 earnings results on Wednesday, March 20, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Envela missed estimated earnings by -17.0%, reporting an EPS of $0.05 versus an estimate of $0.06.
Revenue was down $10.73 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 15.0% drop in the share price the next day.
Here's a look at Envela's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.07 | 0.08 | 0.04 | 0.13 |
| EPS Actual | 0.06 | 0.06 | 0.09 | 0.22 |
| Revenue Estimate | 51.73M | 48.63M | 42.42M | 47.59M |
| Revenue Actual | 36.27M | 50.30M | 48.39M | 47.43M |
** Listen to the earnings announcement yourself by clicking here. **
To track all earnings releases for Envela visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.