Earnings Preview For Envela
Portfolio Pulse from Benzinga Insights
Envela (AMEX:ELA) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $0.07. The company's previous quarter saw a miss in EPS by $0.02, resulting in a 28.61% drop in share price. Envela's shares were trading at $3.89 as of November 6, with a 52-week return of -16.77%.
November 07, 2023 | 8:02 pm
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NEGATIVE IMPACT
Envela's upcoming earnings report could significantly impact its stock price, especially given the previous quarter's EPS miss and subsequent share price drop.
Envela's stock price dropped significantly after the company missed its EPS estimate last quarter. If the upcoming earnings report also misses estimates, the stock price could potentially drop again. However, if the company beats estimates, the stock price could rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100