Recap: Envela Q4 Earnings

Envela 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.

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.

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.

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