Eltek's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Eltek (NASDAQ:ELTK) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts estimating an EPS of $0.31. Investors are looking for an earnings beat and positive guidance for the next quarter. Eltek's stock performance has been strong, with shares up 183.92% over the last 52 weeks, trading at $11.61 as of November 14. Past earnings have resulted in varied share price changes on the following day.
November 15, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Eltek is anticipated to report quarterly earnings with an EPS estimate of $0.31. Positive past performance and strong year-to-date stock gains may influence investor expectations.
Given Eltek's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a short-term positive impact if they beat the EPS estimate again. The 183.92% YTD stock increase reflects strong investor confidence, which could be further bolstered by positive earnings and guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100