Eltek Earnings Preview
Portfolio Pulse from Benzinga Insights
Eltek (NASDAQ:ELTK) is scheduled to release its quarterly earnings report on March 11, 2024, with analysts expecting an EPS of $0.31. Historical data shows Eltek has a track record of beating EPS estimates, which has positively impacted its stock price. Shares are currently trading at $13.76, marking a 219.1% increase over the last 52 weeks. Investors are particularly focused on the company's guidance for future growth.
March 08, 2024 | 3:01 pm
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Eltek is expected to report an EPS of $0.31 for the upcoming quarter, with historical performance indicating potential for a positive earnings surprise. Shares have significantly appreciated over the past year.
Given Eltek's history of exceeding EPS estimates and the subsequent positive impact on its stock price, there's a high likelihood of a positive short-term price movement, especially if the company provides favorable future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100