Eltek Q4 EPS $0.22 Misses $0.31 Estimate, Sales $12.32M Beat $12.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eltek (NASDAQ:ELTK) reported Q4 earnings of $0.22 per share, missing the consensus estimate of $0.31 by 29.03%, but showed a 57.14% increase from last year. Sales were $12.32M, slightly above the $12.20M estimate, marking a 17.58% increase from the previous year.
March 11, 2024 | 11:33 am
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NEUTRAL IMPACT
Eltek reported Q4 EPS of $0.22, missing estimates, but sales of $12.32M exceeded expectations and showed significant growth from the previous year.
The miss on EPS estimates may negatively impact investor sentiment in the short term, but the beat on sales and year-over-year growth could offset this by indicating underlying business strength. The mixed results lead to a neutral short-term price direction expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100