Recap: Envela Q4 Earnings
Portfolio Pulse from Benzinga Insights
Envela (AMEX:ELA) reported Q4 earnings with an EPS of $0.05, missing estimates by -17.0% and showing a revenue decline of $10.73 million from the previous year. This follows a pattern of missed EPS estimates and subsequent share price drops.
March 20, 2024 | 9:35 pm
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Envela reported a significant miss in Q4 earnings and a decrease in revenue, continuing a trend of missed estimates.
Given Envela's history of missed EPS estimates leading to share price drops, the Q4 earnings miss and revenue decline are likely to negatively impact the stock price in the short term. The pattern of missed estimates and subsequent share price declines suggests a negative investor reaction.
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