Examining the Future: Eltek's Earnings Outlook

Eltek ELTK is preparing to release its quarterly earnings on Tuesday, 2024-11-19. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Eltek to report an earnings per share (EPS) of $0.31.

The announcement from Eltek is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

In the previous earnings release, the company missed EPS by $0.14, leading to a 0.6% drop in the share price the following trading session.

Here's a look at Eltek's past performance and the resulting price change:

Tracking Eltek's Stock Performance

Shares of Eltek were trading at $11.01 as of November 15. Over the last 52-week period, shares are down 18.96%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Eltek visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.