Envela Q3 2023 Gaap EPS $0.06 Misses $0.07 Estimate, Sales $36.27M Miss $51.73M Estimate
Portfolio Pulse from saritha@benzinga.com
Envela reported Q3 2023 earnings of $0.06 per share, missing the analyst consensus estimate of $0.07 by 14.29%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $36.27 million, missing the analyst consensus estimate of $51.73 million by 29.89%. This is a 19.77% decrease from the same period last year.
November 08, 2023 | 10:26 pm
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NEGATIVE IMPACT
Envela's Q3 2023 earnings and sales missed estimates, with a significant decrease from the same period last year. This could negatively impact the company's stock price in the short term.
Envela's earnings and sales for Q3 2023 missed analyst estimates and showed a significant decrease from the same period last year. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100