Envela: Q2 Earnings Insights

Envela ELA reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Envela beat estimated earnings by 40.0%, reporting an EPS of $0.14 versus an estimate of $0.1.

Revenue was up $8.92 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 2.12% drop in the share price the next day.

Here's a look at Envela's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.07	0.09	0.08	0.07
EPS Actual	0.10	0.10	0.12	0.08
Revenue Estimate	30.62M	41.22M	37.66M	32.94M
Revenue Actual	47.41M	44.10M	37.70M	33.72M

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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