Envela Q2 EPS $0.06 Misses $0.08 Estimate, Sales $50.30M Beat $48.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Envela reported Q2 earnings of $0.06 per share, missing the analyst consensus estimate of $0.08 by 25%. This is a 57.14% decrease from the same period last year. However, the company's quarterly sales of $50.30 million beat the analyst consensus estimate of $48.63 million by 3.44%, marking a 17.97% increase from last year.
August 04, 2023 | 12:35 pm
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NEUTRAL IMPACT
Envela's Q2 earnings missed estimates, but sales exceeded expectations. This mixed performance may lead to uncertain short-term price movements.
Envela's earnings miss could negatively impact the stock price, but this may be offset by the better-than-expected sales. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100